Norway net inflows hit decade high

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Net flows to investment funds in Norway hit NOK3.9bn (€462m) in March, as investments in equity and balanced funds hit levels not seen since 2006, the Norwegian Fund and Asset Management Association (VFF) has said.

Some NOK3.8bn of that NOK3.9bn total represented investments made by Norwegian institutional investors, while Norwegian retail investments were a net NOK1.4bn.

Retail investors put NOK2.1bn into equity and balanced funds, while they withdrew NOK0.8bn from bond funds. Foreign investors withdrew NOK1.3bn on a net basis through the month.

Total AUM of Norwegian investment funds hit NOK912bn (€108.1bn) at month’s end.

“We need to go back to December 2006 to find a month in which Norwegian retail investors invested more on a net basis in equity funds and balanced funds than in March. Furthermore, we have seen an increase in Norwegians’ net investments into these fund sectors the last four months,” said Lasse Ruud, managing director of VFF.

Norwegian savings habits are probably being affected by recent years’ good returns from equity markets, as well as currently low interest rates on bank deposits, Ruud added.

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