Market turmoil has erased two years of AUM gains at Danske Bank AM

Denmark’s biggest asset manager followed its Nordic peers downwards as the financial market havoc took a significant hit on the firm’s assets under management in the second quarter.
Photo: Thomas Borberg/Digital foto
Photo: Thomas Borberg/Digital foto

Denmark’s biggest banking group came out of the second quarter with assets under management shrinking by 8.63%, or from DKK 770.8bn (EUR 103.6bn) to DKK 704.3bn, (EUR 94.6bn), in the second quarter.

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