Nordea Says 90% of New Money Now ESG as Wealth Unit Hits Record
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Almost all the new money that flowed into Nordea Bank Abp’s $455 billion wealth and asset management unit in the second quarter was headed for environmental, social or governance investments.
ESG accounted for 90%, or 2.4 billion euros ($2.8 billion), of second-quarter net flows, and drove funds under management to an all-time high, according to Nordea.