Norwegian funds see net inflows from retail, institutional, foreign investors through November

Jonathan Boyd
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Norwegian funds see net inflows from retail, institutional, foreign investors through November

November saw retail investors put NOK2.09bn of net investments into local funds, according to data published by the Norwegian Fund and Asset Management Association (VFF).

Some NOK1.1bn of this retail money went to equity and balanced funds, with the rest going to different fixed income funds.

Total assets of retail investors in funds increased NOK48bn to NOK276bn in the first 11 months of 2019.

The month saw an additional NOK1.1bn placed into long term savings offering fund self-selection, including IPS savings accounts.

Instiutional investorss, which in this case includes pensoin funds, municipalities, insurers and companies put a net NOK459m into securities funds, of which NOK300m went to equity funds. 

Foreign investors put NOK1.3bn into Norwegian funs on a net basis through the month, taking their totla assets to some NOK137bn, an increase of 23% in the first 11 months of 2019.

Total net inflows to funds hit NOK2.8n through the month, of which NOK3.8bn went to equity funds, while net withdrawals of NOK1.3bn hit fixed income funds.

Total assets of Norwegian securities funds reached NOK1,328n by the end of November, which is an incease of NOK198bn for the first 11 months of the year.

 

Jonathan Boyd
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Jonathan Boyd

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