Net subscriptions into mutual fund domiciled in Finland worth 388 million euros in July

Net subscriptions into mutual funds domiciled in Finland were 388 million euros in July. Besides, the total assets under management increased by almost billion euros due to recovering market development after the decline in June. The total assets under management in mutual funds domiciled in Finland were 98.7 billion euros at the end of July.

The biggest gainers of new capital were equity funds with net subscriptions worth 276 million euros. Net subscriptions to asset allocation funds were 134 million euros and net subscriptions to short-term bond funds were 20 billion euros, whereas net redemptions from long-term bond funds were 41 million euros.