Unstability in the markets decreased total net assets of the funds domiciled in Finland

The total value of assets under management in Finnish mutual funds decreased from 94,4 to 93,8 billion euros in February. Of the decrease 336,7 million was due to unfavorable market development and 293,7 million due to net redemptions.

In February net subscriptions to equity funds were worth of 274 million euros. In addition net subscriptions to alternative funds equaled 86 million euros. On the other side 586 million euros was redeemed from the long term bond funds, 52 million euros from the short term bond funds and 15 million euros from the assets allocation funds.