Handelsbanken Fonder CEO: Q1 outflows were smaller than anticipated

The second largest fund manager in Sweden saw stable inflows to its pension business as counterbalance to volatile platform and third-party activity. The firm needs to become more relevant within the fixed income segment, says CEO.

Handelsbanken Fonder CEO Magdalena Wahlqvist Alveskog | Photo: PR/Handelsbanken

Handelsbanken’s mutual funds business Handelsbanken Fonder held a top spot in terms of domestic net inflows last year. Racking up new savings amounting to SEK 51bn (EUR 5bn) equaled a 26 percent market share of all new fund savings in Sweden.

When publishing its new quarterly report, the asset manager reported net outflows of SEK -3.9bn (EUR -373m) in the first quarter and a seven percent drop in both group AUM and fund volumes

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