Bond and equity funds attract Finnish investors through October

Finnish mutual fund investors put more money into bond and equity funds through the past month, on a net basis, but withdrew money from money market and alternative funds, data from Investment Research Finland suggest.

Net subscriptions to all mutual funds in Finland was €272m over the month. Coupled with market performance, overall assets under management increased by €4.1bn. Total assets are thereby over €96bn for asset managers and their funds domiciled in Finland.

Equity funds took the majority of net new money, some €400m, while long term bond funds took in €195m, and asset allocation funds some €148m over the month on a net basis.

Net outflows from short term bond funds hit €471m, with an additional €1m taken out of alternative funds.

According to the latest monthly data, Nordea Funds holds a 37.6% market share in Finland. OP Fund Management Company has 22.4% of the market, and Danske Invest Fund Management has 12%.

Equity assets account for 36.9% of the market, however global asset allocation as a sector accounts for 18% of the market by assets under management, and investment grade bonds (EUR) account for 10.6% of the market.



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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