SCANDINAVIA - Nordic pension funds and other institutional investors are showing increasing demand for alternative assets, according to Standard Life Investments.
Asa Norrie, investment director, Scandinavia, at Standard Life Investments, quoted research that claimed many in the region that looked to foreign investors would do so for alternative assets like private equity.
She added that 78% of Icelandic investors and more than 60% of Finnish and Danish investors were expected to increase their use of international managers this year.
"The numbers in the Nordic areas speak for themselves," she said.
Life and pensions assets in the Nordic markets are worth an estimated US$430bn, said Norrie, and are expected to grow by 15-17% per annum for the next 10 years. "The growth in the region is enormous, and we see amazing opportunities there," she added.
Norrie said Standard Life planned to launch a global real estate fund in the fourth quarter and a UK property development fund property fund in October which would be of interest to Nordic investors.
"You need to understand the investment culture of the various nations if you want to tap the market, as it's very competitive," she commented.
Norrie joined Standard Life earlier in the year, as part of the firm's strartegy to grow its focus in the Scandinavian region.
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