Nordea will release its new robo-advisor, Nora, in Denmark before the summer. Nora will compete with Danske Bank's robo-advisor, June, and the Danish asset manager Bankinvest's Darwin app. Nordea will also be targeting new client segments, writes Berlingske Business.
According to Berlingske, the initial data from Sweden, where Nora is already released, indicates that the Nora is heavily used by younger clients as well as by women. This data differs Danish investment patterns. The average Nora investor is 36 years-old, and clients under the age of 50 account for 76 percent of investments made via the robo-advisor.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from AMWatch
Evli completes one merger and announces plans for a second
The company is also in the process of merging with its subsidiary asset management company.
Pension fund puts data spotlight on unlisted investments
Akademikerpension is preparing to release data on the climate and social responsibility from its holding of its unlisted investments.
Sweden's central bank warns of tighter monetary policy
Members of Sweden’s central bank have agreed on the need for a more tightened monetary policy after its inflation prognosis turned out too low.
UK in crisis – Danica CIO highlights recession fears on spooked market
There is uncertainty on the UK bond market after politicians proposed significant tax cuts with no financing details.
Working at Abu Dhabi Investment Authority laid the foundation for Swedish managers’ new strategy
Years at senior roles at Abu Dhabi’s sovereign wealth fund taught two Swedish managers a lot. Their experience culminated in the creation of a multi-asset strategy to manage their own money, something they are now aiming to bring to the wider public.
Kunderådgiver 
"Generalist" 
Ansvarshavende chefredaktør/direktør til Fagbladet Folkeskolen ApS 
IT Specialist