Norwegian fund assets up NOK20bn through July

Monthly net inflow of NOK5.5bn (€570m) helped total assets increase in local funds increase by some NOK20bn (€2.1bn) to an industry total of NOK1.177trn (€121.1bn) by the end of July, according to the Norwegian Fund and Asset Management Association (VFF).

Norwegian retail investors added some NOK261m on a net basis through July, of which NOK143m went to equity and balanced funds, with NOK112m going to various fixed income funds.

Additionally, some NOK1.7bn went to retirement savings that allow for fund selection, according to data on pensions, life insurance with fund selection and individual pension savings accounts.

Institutions contributed to net inflows of some NOK2.8bn (€290m), of which NOK0.5bn went to equity funds and NOK2.5bn went to different fixed income funds.

Foreign investors were net buyers of Norwegian funds to the tune of NOK0.7bn.

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 17 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. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

Read more from Jonathan Boyd

preloader
Close Window
View the Magazine



I also agree to receive editorial emails from InvestmentEurope
I also agree to receive event communications for InvestmentEurope
I also agree to receive other communications emails from InvestmentEurope
I agree to the terms of service *


You need to fill all required fields!