Unfavorable market development caused a drop in total assets under management in mutual funds domiciled in Finland

Total assets under management in Finnish domiciled funds decreased from 97.3 billion euros to 94.4 billion euros in January. This was due negative total net subscriptions worth 97.5 million euros and the unfavorable market development which lead to 2.7 billion drop in the total assets under management.

Despite the drop in total assets under management net subscriptions into equity funds were worth 188 million euros and net subscriptions into alternative funds were worth 26 million euros. However, net redemptions from long-term bond funds were worth 281 billion euros, net redemptions from short-term bond funds 27 million euros and 3 million euros from asset allocation funds.