After an infrastructure-heavy first day of the PostTrade 360 Stockholm conference, the spotlight on Thursday was directed towards the funds’ issues. Jarkko Syyrilä of Nordea saw a need for the Nordics to take over Britain’s free-market champion role in the EU.
”In the Nordic countries we need to take a bigger responsibility for the EU after Brexit,” said Jarkko Syyrilä, head of public affairs with Nordea Asset and Wealth Management in Thursday’s opening presentation.
”We are losing a big ally in being a voice for free markets.”
He summed up current trends, not least in regulation, impacting fund activities. He predicted continued emphasis on retail costs, in light of the fact that costs generally have not come down since 2008.
Green is good
One leading trend now is the desire to evaluate initiatives by their performance in environmental, social and governance aspects, ESG.
”Clearly more and more investments will be guided into ESG,” said Jarkko Syyrilä.
Important current work serves to specify the criteria.
”When you say your product is ESG compatible you will need to be much more precise.”
One of the many speakers of the morning was also Thomas Nilsson, of ”fund hotel” FCG Fonder. PostTrade 360 recently interviewed him here about his firms still unusual business model.
Here you can find the full program for the PostTrade 360 Stockholm conference.