Retail investors put another net NOK1.15bn (€115m) into investment funds through July, contributing to total net inflows of NOK12.2bn (€1.2bn), as the traditional summer lull did not seem to put locals off being active in the funds market, reports VFF, the Norwegian Fund and Asset Management Association.
At the retail level, some NOK320m was put into equity and balanced funds, with NOK837m going to different types of fixed income funds. The net investments helped take total retail assets under management to NOK257bn (€25.7bn) and increase of 13% since the beginning of the year.
Additionally, individuals added NOK1.4bn to funds selected within pension plans, of which NOK908m went into equity funds, and NOK541m into fixed income. Total assets in this category now constitute NOK198bn (€19.8bn).
In the institutional market, meanwhile, investors added a net NOK8.3bn, of which NOK1.7bn went to equity unds and NOK6.6bn went to fixed income funds.
Foreign investors put a net NOK1.3bn (€130m) into Norwegian investment funds through the month.
In the year so far, net inflows to securities funds have hit NOK45.5bn (€4.6bn), with total assets reaching NOK1.261trn (€126.4bn), which is an increase of 12%.