January once again saw bond funds capture most interest of any sector among Norwegian fund investors, according to the latest monthly net sales figures published by VFF, the Norwegian Fund and Asset Management Association.
Net purchases hit NOK18.2bn (€2.11bn), of which a clear majority, some NOK17.6bn was saved into different types of fixed income funds. In contrast net investments into equity and balanced funds was just NOK0.6bn.
The bulk of the net purchases were accounted for by Norwegian insitutional buyers, some NOK17.4bn, of which NOK14.5bn (€1.68bn) went to fixed income funds.
Foreign investors put a net NOK2.7bn into all types of funds, although some NOK3.9bn of net redemptions were made from equity funds by this investor group.
Norwegian long term savers through pension accounts accounted for about NOK1.5bn in net investments, while private investors put a net NOK1.9bn (€220m) – of this NOK58m went to equity funds, NOK994m into balanced funds, and NOK824m into fixed income funds.
Total assets of Norwegian investment funds have hit NOK863.6bn (€100.3bn).