Assets Under Management exceeded 64 billion euros in October

Assets under Finnish mutual funds increased to 64.2 billion euros in October. The increase was due to positive subscriptions by investors (653 million). The impact of negative market development, however, caused the total assets to increase by only 444 million euros.

Equity funds attracted 335 million euros of netsubscribtions during October. The biggest gainer of the months were, however, the bond funds which received new investments worth 400 million euros. The only asset class from which more funds were redeemed than subscribed were money market funds with negative netsubscriptions of 568 million euros.