Region:
Europe
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How big of a share of private markets do you have in an average client portfolio? Has that changed since this time last year?

It is a complicated issue. To answer it and give a true picture, we need to divide our customers into large customers and smaller customers, as well as professional customers and non-professional customers. In the category of large professional clients, they have invested in private markets for a long time and have a relatively high proportion of their portfolios in the asset class. At the other end of the spectrum, we find smaller customers who are classified as non-professional and there the proportion is growing from low levels. The enabler for this is new product solutions within the asset class that are developed by our partners and internally.

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