Negative Sharpe ratios continue for Finnish equity funds

Figures published by the Federation of Finnish Financial Services show that Sharpe ratios over both 1yr and 5yr periods continue to be negative for Finland equity funds.

The average for the sector benchmark the OMX Helsinki CAP GI over five years stands at -0.4, according to the figures to the end of May 2012.

Ten funds in the sector of 42 have better Sharpe scores over the period.

These include the Alfred Berg Small Cap Finland (-0.3), Arvo Finland Value (-0.3), Danske Invest Finnish Equity (-0.3), Danske Invest Finnish Institutional Equity (-0.3), Evli Finnish Small Cap (-0.3), Fondita Equity Spice (-0.3), Nordea Pro Finland Equity (-0.3), POP Finland (-0.3), Seligson & Co OMX Helsinki 25 Index Shares (-0.3), and Seligson & Co Phoebus (-0.2).

May also marked the fifth month in a row for 2012 during which net sales of equity funds have fallen while net sales of money market funds have risen.

Nordea, OP and Danske Invest maintained their first, second and third places respectively in the market, as measured by total assets. Overall net assets of funds domiciled in Finland were just shy of €60bn, the data shows.

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