Sales are picking up – and we expect stronger momentum going forward
The start of 2021 has been a bit disappointing on many accounts – what with the third wave of COVID sweeping Europe – but considering sales at Jyske Capital, a brighter future is on the horizon.
Sales got off to a slow start this year but has been picking up over the course of the first quarter. “That makes us pretty optimistic, and we expect an even stronger development for the rest of the year," says Henning Mortensen, head of Jyske Capital. "We had a flat development in net sales for the first time in a very long time. We regard this as a little break in the growth momentum that prevailed for many years. Of course, a flat quarter is a little annoying, but it's not something that makes us worry".
He adds that retail inflow is growing – albeit not at the levels experienced in 2018 and 2019 – but with decent increases in the range of 2-4 percent.
Looking ahead Henning Mortensen points to the integration of sustainability into product offerings as one of the main themes for the remainder of 2021: “We expect to make the majority of our current product range sustainable and have it declared article 8 compliant," he says. "In 2020, we worked intensively to integrate sustainability into our investment solutions, and this is continuing in 2021. We have achieved a substantial reduction in greenhouse emissions in our equity portfolios already, and in 2021 we will expand it to include other asset classes".
Parts of the above are excerpts from a recent article in AM Watch. Click to access the article.