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. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 16 years he has been based in London writing about funds and investments . From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope.

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