Assets Under Management totalled 61.8 billion in July

The assets under management in Finnish mutual funds rose by 2.1 billion euros and amounted to 61.8 billion euros in the end of July. The upswing was based on positive inflow to the funds (0.28 billion) and rising market values (1.84 billion).

The assets in equity funds increased by 4.1 percent (785 million euros) to 19.9 billion euros even though investors raised assets (111.1 million) from equity funds.

The bond funds gained 1.02 billion euros totalling also 19.9 billion in the end of July. Thus, the increase in assets was 5.4 percent.

The assets in money market funds amounted to 11.6 billion euros, declining 0.8 percent from month earlier.

The assets in asset allocation funds totalled 8.8 billion and assets in alternative funds 1.4 billion.