Finnish fund outflows hit €821m in November

Jonathan Boyd
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Finnish fund outflows hit €821m in November

Figures published by Investment Research Finland suggest net outflows from funds domiciled in Finland hit €821m in November, across all asset classes.

The change caused total assets of locally domiciled funds to fall to some €111bn by the end of the month.

Long term bond funds accounted for the biggest single share of net outlows, some €273m.

Equity funds and short term bond funds respectively saw net outflows of €253m and €204m.

By market share, Nordea Funds retained the top spot, with some 389% of the market, although on a year-to-date basis, its net subscriptions were €-662m.

OP Fund Management Company has seen some €-897m in net subscriptions over the same period, but still retains the second spot by market share. In third place is Danske Invest, which has seen some €-1.3bn of negative net subscriptions.

 

 

Jonathan Boyd
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Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.