Market volatility dampens Finnish fund assets

Total assets of mutual funds domiciled in Finland fell through August following market volatility that decreased the value of existing assets alongside net redemptions, data from Investment Research Finland suggests.

Assets fell some €4.5bn through the month to €94.2bn, but just €386m of this was accounted for by net redemptions.

Net redemptions from long term fixed income funds were €478m, with €186m withdrawn from short term fixed income funds. Net redemptions from alternative funds were €4m, although equity funds saw positive net sales of €196m, with asset allocation funds drawing in €86m.

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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