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).