Net inflows to mutual funds domiciled in Finland hit €1.7bn in March, taking total AUM to a new high of €95.5bn, including growth attributable to favourable market conditions.
Data published by Investment Research Finland points to bond funds as a key sector over the month, attracting net investments of some €777m. Short term bond funds attracted €728m over the period on a net basis, while asset allocation funds picked up €285m.
However, equity funds saw net redemptions of €-130m, the data suggests, thus reversing a year to date trend, which has seen some gain in net investments to the sector.
So far in 2015 it is bond and asset allocation funds that have attracted the bulk of net new investments – see the latest full report for further figures: http://www.sijoitustutkimus.fi/wp-content/uploads/2015/04/Fundreport_201503.pdf.
According to market share data, Finland’s top three mutual fund providers by AUM are: Nordea Funds, with a 37.8% share, OP Fund Management Company (20.2%) and Danske Invest Fund Management (12.8%).