VFF reports NOK11bn to investment funds in February

The Norwegian Fund and Asset Management Association has reported close to NOK11bn (€1.15bn) of inflows to investment funds through February.

Net outflows associated with retail investors hit NOK620m, of which the bulk came from equity funds (NOK470m).

Bernt S. Zakariassen, chief executive, noted that this may be linked to the several days early in the month when the stock market fell. However, he added that the majority are advised about long term savings and the need to remain unperturbed in periods of uncertainty.

“By its nature the stock market swings considerably and these swings are in may ways the basis for expecting extra returns for owning equity fund shares over time,” he said.

Inflows from those making pension contributions via selection of funds hit NOK6.9bn (€724m) over the month, of which a significant contribution was made by one particular institution switching some NOK6.2bn of assets, VFF reports.

Institutional investors put NOK5bn (€525m) of new contributions towards funds over the month. Of this, NOK3.2bn went to equity funds, NOK91m to balanced funds, and NOK1.8bn into different fixed income funds.

Total industry assets hit NOK1,143bn (€120bn) at the end of February.

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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