The assets managed on behalf of Nordic institutional investors have grown handsomely since the 2022 trough, increasing by almost 57%, while those managed on behalf of Nordic pension funds have grown by 50% over the same period.
Storebrand Asset Management tops the institutional AUM ranking, and two other local managers, Nordea and DNB Asset Management, are in the top five. BlackRock overtook Nordea in 2023 and has maintained a slight lead over the past two years. State Street is catching up with DNB Asset Management. When it comes to pension assets, however, BlackRock and State Street hold the top spots in the ranking, followed by DNB, Northern Trust and Nordea.
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This summary shows headline data. The full dataset includes more detailed data on individual managers and is available to subscribers at ipe.com/research. To subscribe to IPE visit ipe.com/membership and for further information about the research or to participate in future surveys, contact dominic.gane@ipe.com
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