Investment Strategies
Scandinavia's Nordea Bank Distributes Deutsche UFG Funds In Russia
Scandinavia’s Nordea
Bank has started
distributing funds offered by Moscow-based Deutsche
UFG Capital from its
offices in Moscow, St Petersburg and other Russian cities,
WealthBriefing can confirm.
Deutsche UFG is now the first fund provider
whose products Nordea Bank will distribute to the Russian market.
Andrey Maltsev, deputy chairman of the
management board at Nordea Bank, said the firm is launching a
product range
aimed at capital preservation and appreciation. “We will base our
model on our
existing experience in Scandinavian countries and the Baltics,”
he said.
In November, Deutsche Bank decided to raise its stake in
Deutsche UFG Capital Management to 100 per cent. Deutsche UFG - a
top ten player in the Russian asset management space - provides
funds and discretionary portfolio management for private and
institutional clients.