Nykredit WM sticks to “Magnificent Seven” approach despite negative effects on returns and mandates
Underweighting some of the best-performing stocks was a costly decision for Nykredit Wealth Management in 2023, but it remains the right decision onwards, says CEO of Asset Management Ralf Magnussen.
Reluctant retail savers and seven magnificent US companies challenged Denmark’s second largest asset manager in an otherwise “satisfying year”, the CEO of Nykredit Asset Management Ralf Magnussen tells AMWatch in an interview following the release of the manager’s annual report last week.
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