Buying trend flips again in Norway
Following two months of net outflows from Norwegian funds, the market saw net inflows during October, reports the Norwegian Fund and Asset Management Association (VFF).
Retail buyers put about NOK2bn (€216.6) into funds on a net basis through the month – some NOK1.3bn into equity and balanced funds, and NOK780m into bond funds.
Institutional investors put NOK2.2bn (€238m) into funds on a net basis, of which NOK1.8bn was put into different types of fixed income funds. Net purchases of equity funds hit NOK860m, although net redemptions hit balanced funds to the tune of NOK420m.
Foreign investors were net sellers of funds, with some NOK1.8bn withdrawn on this basis.
The total market saw net investments in securities funds of some NOK2.9bn through October, taking total assets managed to NOK919bn (€99.5bn) , up from NOK885bn the previous month.