Cautious investors pulled money out of Norwegian funds in August

Data from the Norwegian Fund and Asset Management Association, VFF, point to cautious investors making net withdrawals from funds through August, including both retail and institutional investors. Conflicting signals from global stock markets contributed to the uncertainty felt, VFF notes, with net withdrawals made across all fund categories it tracks. Retail investors made net sales of NOK800m through the month, with institutional investors withdrawing NOK3,7bn. Most was withdrawn from equity funds, some NOK700m by retail investors, while institutions took out NOK3.5bn from equity...