Finnish bond funds attract inflows, equity funds don't

Jonathan Boyd
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Finnish bond funds attract inflows, equity funds don't

Net inflows to investment funds domiciled in Finland were barely changed at €1m for the entire month of October, but this headline figure masks a disparity between bond and asseet allocation funds that attracted money on a net basis, versus equity funds that saw money outflows.

Bond fund inflows were €358m, according to data from Investment Research Finland. Asset allocation funds saw net inflows of €100m, with a further €26m going into alternative funds.

However, equity funds saw net outflows of €448m, taking year-to-date outflows to some €4.5bn.

Also noteable is that within the bond funds sector, there was far stronger inflows to government bonds, and both Eurozone and global investment grade bonds, while global high yield saw net outflows - suggesting that the industry overall was subject to risk-off behaviour.

Despite the small overall net inflow figure, total assets under management did rise due to market movements, to some €121bn.

By market share, Nordea Funds took 38.9% of the local market over the month.  OP Fund Management took 20.7%, while Danske Invest held 8.9%.

Evli now holds 7.6%, FIM 5.4% and Aktia 4.4%.

 

Jonathan Boyd
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Jonathan Boyd

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