Total industry assets hit record in Norway

Total investment fund industry assets hit NOK1.199trn (€125bn) in Norway in February, which was a new industry record - bouyed by rising markets globally since the start of the year. According to Verdipapirfondenes forening (VFF), the Norwegian Fund and Asset Managment Association, net savings by retail investors hit NOK1.1bn through the month, or which NOK441m went to equity and balanced funds, with some NOK623m put into different types of fixed income funds. This has taken retail investor investments...