Demand for mutual funds continues to be strong

Net subscriptions into mutual funds domiciled in Finland were 3.8 billion euros in May. High amount of net subscriptions was mainly due to flows into new non-UCITS funds opened in May, Total net asset under management reached their all-time high of 100 billion euros.

The biggest gainers of new capital were asset allocation funds with net subscriptions worth 3.2 billion euros. Net subscriptions into money market funds were worth 324 million euros and net subscriptions into equity funds were worth 284 million euros. Net redemptions from alternative funds were worth 48 million euros.