Head of DNB WM: It's a decent quarter

Despite turmoil, retail customers are sticking to their savings schemes, meaning that assets from the retail segment dropped less than total assets under management at Norway’s largest fund manager.

Photo: PR/DNB

With financial markets continuing to decline in the second quarter of the year, head of DNB Wealth Management, Håkon Hansen, is content with assets under management dropping by 4.4% to NOK 782bn (EUR 76bn) in Q2, driven by markets and outflows from DNB’s large institutional segment.

”It’s a decent quarter. I’m very pleased to see that our retail customers are sticking to their savings schemes, which means that the net flow from the retail segment is almost flat,” Hansen tells AMWatch after DNB, as the first Nordic asset manager, published its Q2 report on Tuesday.

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