Finnish mutual fund AUM hits €123bn in November

Jonathan Boyd
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Finnish mutual fund AUM hits €123bn in November

Data published by Investment Research Finland suggests market movements contributed favourably to an overall increase in AUM of locally registered mutual funds to some €123bn - despite net redemptions of €125m through the month.

Some €283m was invested in asset allocation funds through the month, and €18m in alternative funds.

However, net redemptions of €285m hit long term bond funds, of €194m hit short term bond funds, and of €36m hit equity funds.

Since the start of 2019, equity funds have seen some €4.6bn withdrawn.

Nordea Funds retains a leading share of the market, with 39.2%. OP has 20.6%, and Danske Invest 8.8%.

Evli and FIM have 7.6% and 5.4% respectively.

 

Jonathan Boyd
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Jonathan Boyd

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