Assets of mutual funds, investment funds, and institutional investment funds amounted to ISK900.9bn (€6.7bn) at the end of October, an increase of ISK24.5bn (€182m) month-on-month according to figures published by the Central Bank of Iceland. On an annualised basis, assets increased by close to ISK72bn (€535m) against the same month in 2018. Mutual fund assets constitute ISK159.5bn, up by ISK1.3bn over the month. Investment fund asets rose by ISK18.9bn to ISK361.4bn. Institutional investment funds gained ISK4.3bn to reach total assets of ISK380bn. Money market funds saw assets rise...
To continue reading this article...
Join International Investment
Signup and gain exclusive members-only insights
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes
