Wells Fargo Asset Management has been added to fund distribution platform Nordnet for the Finnish market, where 11 subfunds to its Luxembourg based Worldwide Fund Ucits will be available to local investors.
Net sales of funds through March have been lower than in the first two months of the year, with a clear trend in redemptions from Russia funds, according to Nordnet, the Swedish fund supermarket.
Swedish online bank Nordnet reports that its funds customers shifted their purchasing towards riskier assets in February and increased their level of trading.
Sweden's new investment savings account (Investeringssparkonto) is attracting little attention from regular savers, according to a survey by Nordnet.
Peter Andersson, director of business development at Legg Mason, talks about the firm’s objectives in strengthening its local presence in Nordic markets