Norwegian investors seek equities in August

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Figures from the Norwegian Fund and Asset Management Association, VFF, suggest that about half of net new flows through August in the local market went into equity funds.

Overall net sales through the month hit NOK3.5bn (€430m), with Norwegian institutions accounting for some NOK2.1bn of that figure.

Foreign investors put a net NOK0.8bn into local funds, while pension related savings were NOK0.7bn.

However, retail investors were less attracted to equity funds, withdrawing a net NOK173m, and instead putting net savings of NOK154m into balanced funds, with negligible amounts on a net basis going into different types of fixed income funds, VFF said

August was notable for breaking a trend, as it became the first month this year in which investments into equity funds outpaced fixed income funds. However, VFF said that it was too soon to tell if it marked the start of a period in which equity funds would have the wind in their sails again.

Total assets in Norwegian funds covered by the VFF data was reported as NOK838bn (€103bn).

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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