Data published by the Norwegian Fund and Asset Management Association (VFF) points to solid inflows of some NOK8bn (€816m) through April, predominantly into different types of fixed income funds.
In the retail market, Norwegian individuals added a net NOK1.4bn, of which some NOK300m went into equity and balanced funds, with NOK1.2bn going into fixed income.
Thus far this year, retail investors have put a net NOK4.2bn into securities funds, while assets are up some 10% to NOK252bn (€25.7bn)
For those selecting funds under the Norwegian rules for long term savings linked to pensions, net inflows hit NOK1.6bn, of which some NOK300m went to equity funds, and NOK1.2bn to ixed income funds. This category includes the IPS regime as well as life policies with fund selection.
For the institutional sector, net inflows were NOK4.4bn. Of this some NOK330m went to euqity and balanced funds, while NOK4.2bn went to fixed income funds.
Total industry assets hit NOK1.235trn (€126.1bn) as at the end of April.