Markets help push up Finnish funds AUM

Finnish mutual funds saw their total AUM rise to €95.6bn through March, helped mainly by €1.8bn of gains spurred by market movements, and €17.4m by net sales of funds.

Figures from Investment Research Finland suggest positive net sales were experienced by bond funds (€204m), asset allocation funds (€75m) and alternatives funds (€87m).

However, net redemptions hit equity funds (€-255m) and short term bond funds (€-94m).

Nordea Funds remained market leader among Finland domiciled fund management companies measured by AUM, with a 38.5% share. OP Fund Management Company had 21.6% and Danske Invest Fund Management had 11.6%.

Evli Fund Management Company and FIM Asset Management follow with 5.4% and 5.3% of the market respectively.

In the first three months of 2016, the measured net subscriptions across all 20 locally domiciled fund companies recorded a negative figure of €-384.6m.

Investment Research Finland calculates that the AUM total across the locally domiciled provider firms is split between some 2,976,230 shareholders in mutual funds.

 

ABOUT THE AUTHOR
Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 16 years he has been based in London writing about funds and investments . From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope.

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