Redemptions hit Finnish funds in May

Jonathan Boyd
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Redemptions hit Finnish funds in May

Data published by Investment Research Finland for May suggest the domestic funds sector saw the biggest monthly redemption since the first half of 2010. Net redemptions totalled some €1.4bn across all fund categories through the month - which coupled with market movements took total industry assets to some €114bn by the end of the month. Equity funds saw net redemptions of €2.2bn. Some €1.4bn of equity fund redemptiosn were due to outflows from Finnish funds into foreign funds. Asset al...

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Jonathan Boyd
Author spotlight

Jonathan Boyd

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