*c-questionc question887625C2-7BF1-4000-B4A3-B26DC9267EA1@3x2F9E87B5-5CC3-4957-855A-0368FBC07B2C@1xGroup 13-Group 13-Group 13+Group 13+c-questionflag-enStroke 1Stroke 1
Artikel News |

Nykredit is starting to see the Sparinvest acquisition bearing fruit – AMWatch

Especially the value strategies and Sparindex are attracting capital, head of Wealth Management, Peter Kjærgaard, told AMWatch.

Thursday, 10. February 2022

Net sales at subsidiary Sparinvest boosted Q4 growth in assets under management at Nykredit, wrote AMWatch.

”When looking back on 2021, it stands out as the year we started reaping the results of merging the two companies. On the distribution side, we see the good collaboration with the Sparinvest partner banks starting to bear fruit as well as the effects from the good Sparinvest products,” said Kjærgaard according to AMWatch.

In 2019, Nykredit acquired the then DKK 97bn (EUR 13bn) independent asset manager Sparinvest.

“Sparinvest’s assets under management reached DKK 153bn (EUR 20.6bn), starting the year at DKK 110bn (EUR 14.8bn). That is – to put it simply – a pretty impressive growth,” said Kjærgaard according to AMWatch.

“It’s been a special year, where we have seen strong performance in both our growth/quality and value strategies. That’s unusual,” said Kjærgaard according to AMWatch.

Last year, the value strategies, which date back to the 1980s, saw an AUM increase of DKK 9.1bn (EUR 1.2bn), with 4.8bn (EUR 445m) from net sales and DKK 4.3bn (EUR 578m) in returns, according to AMWatch.

”We see great demand for our value strategies, especially Sparinvest European and Global Value Equities, where we have won some mandates, especially in the second half of the year. This is due to the value style and the fact sustainability is deeply incorporated into the strategies. We see that investors want the combination, and Sparinvest Value Aktier has hit a nerve,” said Kjærgaard.

According to AMWatch, also, the passive fund range, Sparindex, attracted investors.

Nykredit took over fund manager Sparinvest in 2019 from 49 Danish banks, which are still an essential part of the distribution network. As Denmark’s largest mortgage group, Nykredit also collaborates with the same group of small and regional banks via subsidiary mortgage bank Totalkredit, which was also previously owned by these banks.

Read the AMWatch article here (perhaps behind a paywall)

Relaterede Artikler

Artikel News
14. October, 2022

Broad-based losses in September – the first signs of systemic stress

Financial assets were dragged by broad-based losses in September, and both risk-free and risk assets were under fire. In September, financial markets also saw the first signs of stress of a more systemic nature. At end-September, Bank of England (BoE) intervened in the financial market, in response to strong market reactions to the publication of the so-called Mini-Budget ahead of the full Budget. A few days later, UK 30Y government bond yields rose by 1.5pp, and the GBP was down by just over 10% vs the USD
Read more
Artikel News
16. September, 2022

Risk appetite turned to risk aversion in August

In August, investor behaviour was characterised by risk appetite in the first half of the month, while renewed risk aversion dominated in the second half of the month. This development probably reflected a resumed uptrend in short-term U.S. government bond yields following a period of flatter yield trends in July. Towards the end of August, yield rises intensified against a backdrop of messages from both the Federal Reserve and the ECB reiterating the need for monetary tightening to curb inflation.
Read more
Artikel News
12. July, 2022

Inflation fears overshadowed by growth fears in June - risk aversion dominated

The financial markets shifted focus in June. Inflation fears dominated at first, but were overshadowed by growth fears towards the end of the period. This shift was reflected in government bond returns; the Danish 10Y government bond yield rose from 1.5% at the beginning of June to 2.1% on 21 June and then dropped to 1.7% at the end of June.
Read more