8.6 billion euros of new capital into Finnish domiciled mutual funds during 2014

Net subscriptions into mutual funds domiciled in Finland were almost 8.6 billion euros during year 2014. This is 83% more than in 2013. Assets under management in mutual funds domiciled in Finland increased by 5.2 billion euros due positive market development. In the end of year the assets under management totaled 85.1 billion euros, which is an all-time high.

In 2014 mergers between Nordic funds reduced the total assets under management in mutual funds domiciled in Finland. However, mergers were done in two ways: Finnish funds were merged to Swedish funds and vice versa. According to the Bank of Finland at the end of November 16% of the assets managed by Finnish mutual funds were possessed by Swedes.

In 2014 the biggest gainers of new capital were long-term bond funds with net subscriptions worth 4.6 billion euros. Despite the low interest rates at the beginning of the year, long-term interest rates continued to decrease throughout the year 2014, which increased the value of long-term bond funds. Net subscriptions into asset allocation funds were worth 2.6 billion euros and net subscriptions into equity funds worth 1.1 billion euros. The value of equity funds increased by 2.9 billion euros due positive market development.