Nordea Asset Management (NAM) announced Wednesday that it maintained momentum over 2015 with net flows of €12.7bn.
These net flows have positioned NAM as the only European asset manager to be consistently place for the past four years, in the annual list of top ten cross-border asset managers.
According to the asset management company, 60% of net inflows, corresponding to €7.2 billion, originated from third party institutional and wholesale clients. Around half of NAM's assets were managed on behalf of non-captive clients towards the end of 2015, demonstrating increased interest in NAM's investment solutions. Continental Europe registered greater captive net inflows.
Despite the diversity in institutional and wholesale net flows were found to be particularly strong into Multi Assets solutions. The Multi Assets branch of Norde managed the solutions, which piqued client interest despite the low interest rates, geopolitical tensions and market turmoil which characterised 2015.
"These continuous high net flows are a testimony of our commitment to bring investment solutions helping our clients to address today's market challenges," commented Christophe Girondel, 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 mutli 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 proof of this."
Photo by Nordea (Christophe Girondel)
