Funds attract NOK4.5bn net through August in Norway
Net investments in funds represented by the Norwegian Fund and Asset Management Association hit NOK4.5bn (€486m) through August.
Equity and balanced funds attracted a net NOK1.5bn, while NOK3bn went into fixed income funds.
Norwegian retail investors put a net NOK606m into funds through the month, taking year to date net savings to NOK2.2bn. Equity funds were most popular among retail investors, who now have total assets in Norwegian securities funds of some NOK183bn (€19.8bn).
Institutional investors invested a net NOK2.9bn through the month, of which NOK2.5bn went into different types of fixed income funds, against NOK433m that went to equity and balanced funds.
Foreign investors added another net NOK102m in investments, taking their total assets to NOK97bn in Norwegian funds.
Total industry assets under management have hit NOK958bn (€103.5bn).