Finnish mutual fund subscriptions hit €240m in September

Jonathan Boyd

Net subscriptions to mutual funds domiciled in Finland were worth €117m in September, according to data from Investment Research Finland.

However, because of market movements, the total assets reported by the industry fell to €92.6bn from €94.2bn.

Equity funds attracted a net €240m, with €53m and €56m going to asset allocation and alternative funds respectively.

However, net redemptions hit €184m for short term bond funds and €48m for long term bond funds.