Norwegians switch out of bonds into equities

Data published by the Norwegian Fund and Asset Management Association (VFF) suggests that individual investors were net investors in equity funds through February, but sold out of balanced and fixed income funds.

Total net sales to indiviudal retail customers of equity funds hit NOK185m (€19.6m), but net withdrawals hit NOK267m (€28.4m) for balanced funds and NOK530m (€56.4m) for fixed income funds.

The situation was signficantly different for domestic institutional investors. Total investments through the month were NOK4.9bn (€521m), of which NOK2.4bn (€255m) went into equity funds and NOK2.5bn (€266m) into fixed income funds. There were net sales of balanced funds of NOK159m (€17m).

Foreign investors continued to sell out of Norwegian funds through the month, with a further net NOK728m (€77.5m) withdrawn.



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).

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