Assets of mutual funds, investment funds, and institutional investment funds amounted to ISK900.9bn (€6.7bn) at the end of October, an increase of ISK24.5bn (€182m) month-on-month according to figures published by the Central Bank of Iceland.
On an annualised basis, assets increased by close to ISK72bn (€535m) against the same month in 2018.
Mutual fund assets constitute ISK159.5bn, up by ISK1.3bn over the month. Investment fund asets rose by ISK18.9bn to ISK361.4bn.
Institutional investment funds gained ISK4.3bn to reach total assets of ISK380bn. Money market funds saw assets rise by some ISK16.4bn to some ISK155.3bn.
As of the end of October, there were some 214 funds reported on, of which 37 are mutual funds, 56 investment funds and 121 institutional investment funds.
The country's pension fund assets are significantly higher than those of investment funds.
Total pension fund assets at the end of September were ISK4.810trn (€35.7bn) against a total population of some 356,000 (as of 1 January 2019).
Assets gained some ISK13bn month-on-month. Split between mandatory and voluntary contributions, the assets amount to ISK4.318trn and ISK493bn.
Domestic assets amounted to ISK3.422trn, with foreign assets at ISK1.389trn (€10.3bn) at the end of September.