Credit funds attract Norwegian investors in January

Fixed income funds, predominantly those able to look beyond government securities, attracted NOK56bn of the total NOK60bn (€7.2bn) in net sales through January across all client segments, reports VFF, the Norwegian Fund and Asset Management Association.

Some NOK5.4bn of these net investments represented reinvestments linked to the change in year. Some NOK3.9bn were invested on a net basis in equity and balanced funds.

The month also saw unusually high levels of net investments by institutional investors, VFF said.

“There was considerable interest in fixed income funds in January,” said Lasse Ruud, managing director of VFF. This reflects growing interest in recent year, he added.

Beyond the figures showing the most popular asset class through the month, VFF also published figures suggesting DNB Asset Management saw a jump of NOK49.5bn in net sales, as a result of corporate adjustments, which saw assets shifted from discretionary management into funds.

Among Norwegian retail investors, some NOK0.9bn was invested in different types of fixed income funds, while net redemptions from equity and balanced funds hit NOK30m.

Foreign investors put a net NOK0.6bn into Norwegian funds through the month, predominantly into fixed income funds.

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