Finnish flows remain strong in May

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Data published by Investment Research Finland point to net subscriptions into mutual funds hitting €3.8bn in May.

There were high flows into new non-Ucits funds, which opened through the month. These helped total net assets under management hit a new record high of €100bn.

“The biggest gainers of new capital were asset allocation funds with net subscriptions worth €3.2bn,” IRF noted.

“Net subscriptions into money market funds were worth €324m and net subscriptions into equity funds were worth €284m. Net redemptions from alternative funds were worth €48m.”

The figures mean May was the best month of 2015 so far for net purchases of mutual funds domiciled in Finland.

Eurozone investment grade bonds remain the most popular asset class over the past 12 months on a net subscription basis,  but saw net outflows over the past month.

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