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.

 

 

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