Finland domiciled funds saw net outflows of €-257m in March, but it was market developments overall that caused a bigger fall in total assets of some €-2bn.
Total assets in Finland domiciled funds was €114.4bn at the end of March. Equity funds experienced the biggest net withdrawals, of some €-303m, reports Investment Research Finland. Money market funds saw €-136m of negative flows.
However, the appetite for alternative funds remained, with net subscriptions of €129m, particularly into property funds. Also slightly positive were flows to asset allocation and long term bond funds.
On a year-to-date basis, net inflows have been strongest in regards to North America, Japan and the Pacific in the area of equity funds. By market share, global funds have the biggest share of the equity fund sector, some 9.4%. In this sector the top ranked fund by performance over the month was the Pictet Nutrition fund, although over a three-year period the top ranked fund contained in the data for this category is the FF Global Consumer Industries fund.
The data show that Nordea retains a top market share of 37.5%, with OP Fund Management Company on 21.2% and Danske Invest on 9.8%.