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Swedbank Robur gained less net inflows in Q2 than Swedish peers

Sweden's largest fund manager had net inflows of EUR 292m in the second quarter, significantly lower than domestic competitors SEB and Handelsbanken.

Photo: INTS KALNINS/REUTERS / X02120

Assets under management at the Swedbank group rose by 4.3 percent to SEK 1,868bn (EUR 182.5bn) in the second quarter of the year. The bank's fund management business, Swedbank Robur, which is the largest on the Swedish and Baltic fund markets, saw assets under management increase by 4.7 percent - or SEK 62bn (EUR 6bn) - to SEK 1,386bn (EUR 135bn). Year-to-date, AUM at Robur have grown by 13.6 percent. 

SEK 1,325bn (EUR 129.5bn) is related to the Swedish operations and SEK 71bn (EUR 6.9bn) to the Baltic operations. 

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