First, the trend of private market assets being targeted at retail investors is alive and well. We covered this in our recent interview with Philip Heeroma, head of private wealth Nordics at EQT Group, and yesterday Reuters reported that Goldman Sachs will invest as much as USD 1 billion in T. Rowe Price Group. Goldman Sachs will also partner with the asset manager to offer private market products to retail investors. In a comment on LinkedIn Mats Langensjö, a partner at Arkwright Consulting, says that this is a sign of the times. He adds that it’s most likely a question when and not how this trend will have an impact on the Swedish pension market as well.
The interest among asset managers to launch active ETFs continue and today Dimensional Fund Advisors announced that they will launch its first ETFs in Europe. The company says that the ETFs will be managed using Dimensional’s characteristic investment approach, “systematically targeting benchmark outperformance in broadly diversified, low-cost portfolios”. The UCITs ETFs that Dimensional will be bringing to the market is a core all cap fund and a small- and mid-cap value fund. The ETFs will be listed in London and Frankfurt.
Today we also learned that Sofie Zetterlund has been appointed as the new marketing manager for Nordnet’s Swedish operations. She joins from a position as Nordic marketing and communications manager at Schroders. She has previously also held leading roles in marketing and communication at companies such as Blackrock, Lendify and Odin Fonder. In her new role, Sofie Zetterlund will lead a team of six people and will report to country manager Gabrielle Hagman. At the end of the last quarter, Nordnet in Sweden had close to half a million customers and SEK 400 billion in savings capital.
