Nordea Asset Management marks a record year

2016 marked a record year for Nordea’s Asset Management unit (NAM) with net flows of EUR 17.7 billion, up EUR 5 billion over last year (EUR 12.7bn). NAM is the only European asset manager to consistently feature, for the past five consecutive years, in Morningstar’s annual list of top ten asset managers in terms of European net flows.[1]

While a significant portion of the net flows were driven by NAM’s multi-asset solutions, the unit has also significantly benefited from its broadly diversified product range spanning various asset classes, including European covered bonds, European and U.S. high-yield bonds and global and emerging markets equities, to name a few of the building blocks strategies that attracted the most interest from clients last year. This expansive range of investment solutions has been made possible by NAM’s multi-boutique approach which leverages the expertise of best-in-class talent by combining internal strengths with exclusive external competencies.

Last year, NAM managed a well-diversified business with 28 Luxembourg domiciled Nordea 1, SICAV funds with more than EUR 500mn in Assets Under Management and 21 Nordea 1 sub-funds receiving a 4 or 5-star rating from Morningstar.[2] Over the past year, over 80% of NAM’s flows came from non-captive clients. Flows were strong from both wholesale and institutional segments.

“We believe that our offering, which focuses on alpha and outcome, serves the current environment well,” says Christophe Girondel, Global Head of Institutional and Wholesale Distribution. “But it is also our close relationship with distributors which has helped us to reach the deep retail markets in key countries like Italy, Spain and Germany. This enables us to be a core provider of solutions to many of the largest banks and distributors in Europe.”
 
About Nordea Asset Management
Nordea Asset Management (NAM, AuM 217 bn EUR*), is part of the Nordea Group, the largest financial services group in Northern Europe (AuM 323 bn EUR*). NAM offers European and global investors exposure to a broad set of investment funds. We serve a wide range of clients and distributors which include banks, asset managers, independent financial advisors and insurance companies.

Nordea Asset Management has a presence in Cologne, Copenhagen, Frankfurt, Helsinki, London, Luxembourg, Madrid, Milan, New York, Oslo, Paris, Sao Paulo, Singapore, Stockholm, Vienna and Zurich. Nordea’s local presence goes hand in hand with the objective of being accessible and offering the best service to clients.

Nordea’s success is based on a sustainable and unique multi-boutique approach that combines the expertise of specialised internal boutiques with exclusive external competences allowing us to deliver alpha in a stable way for the benefit of our clients.  NAM solutions cover all asset classes from fixed income and equity to multi asset solutions, and manage local and European as well as US, global and emerging market products.
 
*Source: Nordea, 31.12.2016