Net flows negative in Finland through June

Mutual fund flows reversed through June in Finland, as investors pulled money out of long term bond funds, sending overall net flows to a negative €-75m.

Data from Investment Research Finland also point to market movements shaving some €1.5bn off total assets, which ended the month at some 115.3bn.

Redemptions from long term bond funds hit €364m, although short term bond funds gained €113m in net subscriptions, with positive net flows also seen by alternative funds (€128m) and asset allocation funds (€50m).

The Finnish industry has experienced net outflows in three of the past four months. So far in 2018, there have been three months of net redemptions and three of net subscriptions.

The latest monthly trends in flows means that the Asset Allocation Global sector now claims an 18.6% share of assets, with some 86 funds in the market.

Other key sectors include Short Term Bond Funds (11%), Equity Global (9.7%), and Investment Grade Bond EUR (9.1%).

Nordea retains the biggest market share among provides domiciled locally, with 37.6%, followed by OP (21.1%) and Danske Invest (9.8%).

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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