Fund Management

Handelsbanken reports AUM recovery but zero net flows in Q4

The Swedish banking group saw lower AUM growth than its Nordic competitors in the final quarter of 2023. There was a slight outflow in its mutual funds in the Swedish market.
Handelsbanken lagged behind its Swedish competitors in Q4 in terms of AUM growth and net flows. | Photo: Mette Mandrup
Handelsbanken lagged behind its Swedish competitors in Q4 in terms of AUM growth and net flows. | Photo: Mette Mandrup
by KIM WIESENER

Handelsbanken recovered from a market-driven AUM drop in the third quarter of 2023 by increasing its assets under management in Q4, but savings in the bank’s mutual funds came to a virtual standstill during the year’s final quarter, Handelsbanken’s annual report shows.

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