Nordea’s assets under management reach an important milestone
This summer Nordea reached EUR 200 billion in assets under management. This corresponds to almost half the Norwegian Government Pension Fund Global, and is almost as much as Denmark’s gross domestic product (GDP).
- The combination of a strong inflow of new customers, positive market development and a positive investment performance has enabled the positive development. We see a trend with customers coming to Nordea because they regard us as a safe and solid bank where they get the help and advice they need, says Gunn Wærsted, Head of Wealth Management at Nordea.
The biggest wealth manager in the Nordic region
With EUR 200 billion in assets under management Nordea is clearly the biggest wealth manager in the Nordic region. Total assets under management at the end of the second quarter consisted of EUR 64.3 billion in Private Banking, EUR 53.9 billion in Life & Pensions, EUR 47.3 billion from institutional clients and EUR 34.3 billion in Nordic retail funds.
- Increased sales to institutional investors both in the Nordics and internationally have contributed strongly to the growth in assets under management. The strong sales to professional, international investors show that our products can compete in a highly competitive market, which is important also to our personal customers. This is also reflected in 48 per cent of our Nordic funds being rated four or five stars by Morningstar, Gunn Wærsted says.