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.