AMWatch

Nordea: Retail investors turned sour on bond funds after negative returns

Negative returns on fixed income products might have caught some retail investors across Europe by surprise. Nordea had outflows in Q1 after seven consecutive quarters with inflows.

Head of Asset & Wealth Management at Nordea, Snorre Storset, | Photo: PR / NORDEA

Nordea Asset & Wealth Management saw assets under management decline by 5.3 percent, or EUR 21.9bn, to reach EUR 389bn at the end of 2022’s first quarter, according to AMWatch calculations.

This was due to negative investment returns worth EUR 19.5bn and outflows totaling EUR 2.4bn

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