On Wednesday this week, Allianz Global Investors and PenSam announced that they are entering a strategic partnership in infrastructure. In a press release the companies outlines that the partnership, a mandate amounting to EUR 300 million on an initial three-year investment cycle, will be allocated to global infrastructure projects with a particular focus on Europe. “We have high expectations for a partnership with AllianzGI, a globally recognized asset manager with strong expertise in infrastructure and ESG. The collaboration will support PenSam’s ambition to deliver solid, long-term returns for our members,” says Jeppe Starup, Head of Private Capital and Real Assets at PenSam.
Statistic from the Norwegian Fund and Asset Management Association this week outlines that Norwegian retail customers continued the trend of net buying Norwegian mutual funds in September. Total net purchases amounted to NOK 1 billion last month (inflows of NOK 2.1 billion to equity funds and NOK 0.2 billion into balanced funds with outflows of some NOK 1.2 billion from fixed income funds). So far this year, Norwegian retail customers have been net buyers of equity funds with Norwegian mandates amounting to NOK 6.2 billion and been net sellers of global equity funds (NOK 7.9 billion). Inflows from Norwegian institutionalThe full article is only available to members
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