2015 marked another milestone for Nordea’s Asset Management unit which maintained its strong momentum and posted strong net flows of EUR12.7 billion.
Nordea Asset Management (NAM) is the only European asset manager to consistently feature, for the past four consecutive years, in the annual list of top ten cross-border asset managers in terms of European net flows.
Over the past year, around sixty per cent of net inflows, or EUR .2 billion, originated from third party institutional and wholesale clients. At the end of 2015, about half of NAM’s assets were managed on behalf of non-captive clients, marking growing market interest for NAM’s investment solutions. Non captive net inflows were registered in all countries of distribution, in particular those in continental Europe.
While diversified across clients, geographies and asset classes, institutional and wholesale net flows were particularly strong into Multi Assets solutions. Managed by Nordea’s internal Multi Assets boutique, these solutions attracted significant interest from clients in a challenging year of exceptionally low interest rates, geopolitical tensions and market turmoil.
“These continuous high net flows are a testimony of our commitment to bring investment solutions helping our clients to address today’s market challenges,” says Christophe Girondel (pictured), Global Head of Institutional and Wholesale Distribution. “Core ingredients of our investment value proposition, such as a multi-boutique approach combining both internal and external expert competences, our strong focus on risk control or the development of multi assets-based outcome solutions, position us well to deliver best-of-breed investment products addressing these challenges. The excellent resistance of our outcome based investment products to recent market volatility can be seen as a proof of this”.