Finnish fund manager Aktia Asset Management and German Universal Investment have teamed up with a strategic partnership aimed at distributing Aktia funds to the German market.
As part of the agreement, Aktia’s frontier markets local currency fund has launched on Universal Investment’s Luxembourg Sicav platform. Both parties aim to also launch a range of Actia’s emerging market fund offering on Universal Investment’s platform.
Jetro Siekkinen, deputy managing director and head of Portfolio Management at Aktia AM, commented: “Our emerging markets investment strategies have proven highly successful in the Nordics, and we are delighted to make them available to a broader European audience. In Universal-Investment we have found the ideal partner for this ambitious project. Their independent model, high-performance platform and sales support for the German-speaking markets make the difference for us.”
Katja Müller, member of the board of directors and head of Sales and Relationship Management at Universal-Investment, adds: “We are delighted to welcome Aktia AM as a new funds initiator. They enjoy an excellent reputation in their home markets and make a great addition to our expanding private label platform. We are seeing an increasing demand from international players to join our platform, which is an exciting prospect for us.”
Universal-Investment has launched approximately 600 mutual funds with a combined volume of €27bn, Aktia currently has 12bn in assets under management.