Finnish mutual fund subscriptions hit €240m in September

Net subscriptions to mutual funds domiciled in Finland were worth €117m in September, according to data from Investment Research Finland.

However, because of market movements, the total assets reported by the industry fell to €92.6bn from €94.2bn.

Equity funds attracted a net €240m, with €53m and €56m going to asset allocation and alternative funds respectively.

However, net redemptions hit €184m for short term bond funds and €48m for long term bond funds.

 

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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