Market tailwind secures all-time high AUM for Nordea Asset & Wealth Management in Q4

Nordea Asset Management's net flows were down compared to previous quarter as a few large clients reduced or redeemed their mandates.

by SØREN RATHLOU TOP

Assets under management at Nordea’s Asset & Wealth Management (AWM) unit, which is made up of private banking, asset management and Life & Pensions, increased to EUR 324.1 billion by the end of Q4 2019, up EUR 10.3 billion or 3 percent from the previous quarter.

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Market tailwind secures all-time high AUM for Nordea Asset & Wealth Management in Q4

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Former political refugee's meteoric career at Nordea enters next phase

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Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Storeband increases stake in Danish infrastructure manager to become majority owner

New Nordic high yield manager keeps attracting inflows

Expansion of Nordic team has paid off: Inflows to all core products for US manager