Net NOK3.7bn to Norwegian funds in August

Funds in Norway saw net inflows of NOK3.7bn (€386m) through August, with equity, money market and bond funds all recording positive flows.

Balanced funds saw net outflows, according to VFF, the Norwegian Fund and Asset Management Association.

Retail investors put a net NOK0.5bn into mostly equity funds, which took in NOK170m.

Pension savings plans that include selection of funds took in NOK360m on the same basis – including savings that go directly to fund management companies, life insurance with fund selection, and the individual pension savings regime IPS.

Norwegian institutions added NOK2.7bn in net inflows over the month, of which NOK2.6bn went to fixed income funds,  and some NOK360m into equity funds.

Foreign investors put NOK162m into Norwegian fund shares in August, VFF noted.

While the net inflows hit NOK3.7bn over the month, the value of total assets increased by some NOK20bn (€2.1bn). So far this year total investment fund assets have increased by some NOK60bn (€6.3bn), to NOK1.198trn (€125.2bn).

 

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 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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