Strong new inflows totaling EUR 230m balanced the decline in market values at Finland’s Mandatum Asset Management (MAM) during the first quarter of this year, the company reports.
Talking to AMWatch, CEO of the company Lauri Vaittinen reveals that the market value of MAM’s investments dropped by EUR 400m in Q1 2022, but net inflows were so strongly positive that they replaced some of the losses. Assets under management belonging to external institutional customers at MAM, which insurer Sampo Group launched as an independent asset management spinoff from life insurer Mandatum in September, dropped from EUR 11.1bn to EUR 10.9bn during the first quarter of this year.
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