Data from Investment Research Finland show that net subscriptions to mutual funds locally hit €780m in February, which together with market movements increased the total asset value of the industry by some €2bn over the month.
Total mutual fund industry assets hit €109.7bn by the end of the month.
By category, short term bond funds attracted a net €494m, with asset allocation funds attracting €176m, equity funds €121m, and alternative funds €91m. Long term bond funds saw net outflows of €102m.
Nordea Funds retain a 39% market share, ranked by total assets. OP Fund Management Company has 21.5%, while Danske Invest Asset Management has 10.8%. However, both OP and Danske Invest have registered net withdrawals year-to-date in terms of total assets. Fourth by market share is local boutique Evli Fund Management Company, which has grown its net subscriptions and claims a 6.2% market share, slightly ahead of FIM Asset Management, which claims a 5% share.
Turn on TV news market reports, flick to the financial commentary in the business pages, and more often than not those holding forth their views of the sector will be male.