In August total net subscriptions into mutual funds domiciled in Finland were 864 million euros. Positive market development increased total assets under management by 1 billion euros. At the end of the month total net assets under management reached all-time high of 84.95 billion euros.
Biggest gainers of new capital in August were long-term bond funds with net subscriptions worth of 492 million euros. At the end of August year to date net subscriptions into long-term bond funds were worth of 3.3 billion euros. This is more than in any other fund class. Long-term bond rates have fallen especially in Europe due the low inflation expectations and the actions of ECB. Since the beginning of the year the total cumulative value of long-term bond fund assets has increased over 1 billion euros. Investors used long term-bond funds to protect their assets against effects of the Ukraine crisis. German government bond 10 year rate dropped to a record low level of 0.88 percent.