July draws Norwegian investors to funds

July was a good month for fund providers in Norway, where retail investors put a net NOK200m (€21.5m) into securities funds, helping take total industry net sales to NOK6.5bn (€700.2m)

Equity and balanced funds took in NOK217m on a net basis, although NOK19m was withdrawn from fixed income funds. So far this year, retail investors have invested NOK1.6bn on a net basis.

Interestingly, institutions were even more keen to purchase funds through the month. And unlike local retail investors, they put most of their money into fixed income funds, as total investments hit NOK6.4bn.

Foreign investors withdrew NOK1bn on a net basis from their Norwegian fund holdings.

So far this year, total industry assets have increased some 5% to NOK950bn (€102.3bn)


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 17 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. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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