Sharp rise in equity savings accounts in Norway

Jonathan Boyd
clock • 1 min read

Regulatory regime demands stood behind a sharp rise in the assets funneled into equity savings accounts (aksjesparekonto, or ASK) in Norway in the last two months of 2019, explains VFF, the Norwegian Fund and Asset Management Association. Some NOK125bn (€ 12.4bn) was invested via the accounts by Norwegian individuals by the end of the year, equal to some 77% of total assets in equity funds in the local market, with about half the assets being placed in the last two months noted. The rules governing aksjesparekonto mean that a transition period in place since the regulatory regime ente...

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Jonathan Boyd
Author spotlight

Jonathan Boyd

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