Positive market development rewarded investors

The total assets under management in Finnish mutual funds increased from 93.8 billion to 95.6 in March. 1.8 billion of the increase is explained by favorable market development and 17.4 billion by new subscriptions to mutual funds.

Net subscriptions to long term bond funds were 204 million euros. Asset allocation funds gathered 75 million euros and alternative funds 87 million euros in March. Net redemptions were made from equity funds that lost 255 million euros and short term bond funds that lost 94 million euros.