Assets under Management increased by a billion euros in November

Assets under Management in Finnish mutual funds rose by 1.1 billion euros in November 2012. The external inflow to funds amounted to 572 million euros. The rest – 538 million euros – was due to positive market development. The assets under management totaled 65.3 billion euros at the end of the month.

Equity funds received 89 million euros in new investments and gained 302 million due to positive market environment. Furthermore, bond fund assets increased by 701 million as receiving 549 million in new investments.

The consumer product equity funds have been the most successful fund class in terms of returns during the last month and also during the last 12 months.