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SEB says it's finally done with outflows from giant bond mandates

The loss of big institutional low-margin mandates affected SEB still in Q2. CFO Masih Yazdi points to new product launches driving inflow to the Private Wealth Management & Family Office division. 
Masih Yazdi is Chief Financial Officer at SEB. | Photo: PR / SEB
Masih Yazdi is Chief Financial Officer at SEB. | Photo: PR / SEB
by ANNE LOUISE HOUMANN

For the past year, gigantic outflows have hampered the development in assets under management at Sweden’s largest asset manager SEB as institutional investors have withdrawn around SEK 60bn (5.1bn) from low-margin bond funds. 

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