Finnish mutual fund net flows hit €254m in April
Net flows to mutual funds domiciled in Finland hit €254m in April, which along with benign market conditions increased assets by some €800m to a new total value of €111.5bn.
Short-term bond funds saw the largest net inflows, €274m, while asset allocation funds attracted €123m and alternative funds €15m.
However, long-term bond funds saw net outflows of €85m, while equity funds also saw outflows, of €74m, according to Investment Research Finland data.
By market share, Nordea Funds retains top spot with 38.9%, OP Fund Management Company has 21.3%, and Danske Invest has 10.7%.
The top three sectors by numbers of funds represented include Asset Allocation Global (82), Equity Emerging Markets (55), and Equity Europe (38). The Equity Finland sector claims some 33 funds, representing a market share of 4.9% as measured by assets under management.