Fixed income takes bulk of NOK7bn to investment funds in Norway in May

Data published by the Norwegian Fund and Asset Management Association  (VFF) points to NOK7bn (€715m) of net inflows to locally available investment funds through May - the majority of it going into fixed income funds. Some NOK9.2bn of net inflows went to fixed income, while net redemptions of NOK2.2bn hit equity funds. VFF noted that retail investors seem to have sought out relative safety through the month. Of total net retail inflows of NOK180m, about NOK0.5bn flowed out of equity funds while net inflows to fixed income funds hit NOK740m. Factors cited by VFF in the direction of fl...