Finnish funds attract €1bn through September

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Net subscriptions to mutual funds domiciled in Finland hit €1.1bn in September, according to figures published by Investment Research Finland.

However, overall AUM decreased slightly to €83.4bn, caused mainly by fund mergers through the month, which resulted in some €2.6bn in AUM shifting from Finland to Sweden.

Equity funds attracted the biggest net subscriptions of some €667m, while long term bond funds attracted €361m. Asset allocation funds attracted €269m in net subscriptions over the period, while investors withdrew a net €-180m from short term bond funds.

Full figures are available here: http://www.sijoitustutkimus.fi/wp-content/uploads/2014/10/Fundreport_201409.pdf

 

ABOUT THE AUTHOR
Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.
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