27/04/2023at 09:59

Nordea's AUM struggles to grow, also ESG investments see declining flows

Due to outflows from institutional clients, Nordea’s growth in assets under management doesn’t match the scale seen among its Nordic peers that have reported Q1 results so far.

Frank Vang-Jensen, President and Group CEO of Nordea. | Photo: Nordea PR.

by REETA ILONA PAAKKINEN

Growth of Nordea’s assets under management slowed down notably during the first quarter of the year, the company’s fresh Q1 report indicates.

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