Storebrand Asset Management posts Q4 results: AUM soars by 18 percent in 2019
Growth in index-based solutions will slowly lead to lower gross margins at Storebrand's asset management arm while one of the funds from its Swedish subsidiary saw the highest inflow of all funds in Sweden in 2019, Norway's largest private asset manager writes in its financial statement.
Storebrand's asset management arm saw AUM increase by EUR 5 billion (NOK 45 billion) in Q4 2019 to reach EUR 82 billion (NOK 831 billion).
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