Total Assets Under Management in Finnish Mutual Funds Soared during January 2012

The total assets under management in Finnish mutual funds increased from 55,4 billion euros to 57,7 billion during January 2012. The increase was mostly due to positive market trends. The positive net subscriptions amounted only 28,2 million euros on January.

The total assets under management in equity funds increased by 11,1 % on January. Net subscriptions for the month totalled 545 million euros for equity funds. Large portion of new capital was allocated to emerging markets equity funds (positive net subscriptions of 289,9 million euros) and North American equity funds (positive net subscriptions of 68,2 ,million euros).

Total net subscriptions to bond funds amounted 284,4 million euros during January. Money market funds were clearly shunned by investors during January 2012. Negative net subscriptions to money market funds totalled 768,0 million during January 2012.