Net redemptions from mutual funds worth 533 million euros in June

Net redemptions from mutual funds domiciled in Finland worth 533 million euros in June. The value of total assets under management decreased also due the negative market development. At the end of June total assets under management were 97.4 billion euros.

Equity funds had the highest net redemptions, in total worth 337 million euros. Net redemptions from short-term bond funds were 304 million euros and redemptions from long-term bond funds were 114 million euros. On the other hand, net subscriptions into asset allocation funds were worth 120 million euros and net subscriptions into alternative funds were worth 102 million euros.