Assets under management increased with over billion euros in October

At the end of October assets under management totaled 73.8 billion euros which an all-time high. Total net subscriptions of mutual funds domiciled in Finland were negative: -61 million euros. However, due the positive market development total assets under management increased with over billion euros.

In October asset allocation funds were the fund category with the highest net subscriptions (209 million euros). Nets subscriptions of equity funds were -46 million euros. Net subscriptions of short term bond funds were negative for the third month in row. Net subscriptions of short term bond funds were -186 million euros. Short term bond funds were also the only fund category with negative change in total net assets. Due the low market interest rates returns from short term bond funds have been low.