Finnish fund sales hit net €534m in July
Net sales of mutual funds domiciled in Finland hit €534m in July, as total assets reached some €100.2bn.
Market movements contributed some €2.4bn worth of gains to enable total assets to reach their second highest level of all time.
The data from Investment Research Finland points to net sales across all fund categories: bond funds attracted €332m, asset allocation funds €110m, money market funds €59m, alternative funds €20m and equity funds €13m.
By market share, Nordea Funds still leads the market with 38.2%, while OP has 21.7% and Danske Invest 11.5%.
Of these three, only Nordea has posted positive net sales year-to-date across its entire range, according to the figures – attracting some €670.7m on this basis since the start of 2016.
The full market breakdown is available via http://www.sijoitustutkimus.fi/wp-content/uploads/2016/08/Fundreport_201607.pdf