Mutual fund flows reversed through June in Finland, as investors pulled money out of long term bond funds, sending overall net flows to a negative €-75m.
Data from Investment Research Finland also point to market movements shaving some €1.5bn off total assets, which ended the month at some 115.3bn.
Redemptions from long term bond funds hit €364m, although short term bond funds gained €113m in net subscriptions, with positive net flows also seen by alternative funds (€128m) and asset allocation funds (€50m).
The Finnish industry has experienced net outflows in three of the past four months. So far in 2018, there have been three months of net redemptions and three of net subscriptions.
The latest monthly trends in flows means that the Asset Allocation Global sector now claims an 18.6% share of assets, with some 86 funds in the market.
Other key sectors include Short Term Bond Funds (11%), Equity Global (9.7%), and Investment Grade Bond EUR (9.1%).
Nordea retains the biggest market share among provides domiciled locally, with 37.6%, followed by OP (21.1%) and Danske Invest (9.8%).