Handelsbanken: Asset management in positive territory

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SWEDEN - Handelsbanken Asset Management (HAM), a unit of Svenska Handelsbanken, posted positive figures for Q1, 2002, despite the Group's overall profits slumping by 20% for the period.

The asset management arm comprises fund management, discretionary management and institutional custody services.Total income for the unit was up 13% to SEK283m, compared with SEK251m for the corres...

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