Mutual funds receive over 400 million in net subscriptions

Assets under management in mutual funds domiciled in Finland decreased from 102,6 billion euros to 102,5 billion. Of the decrease 562 million euros was due to unfavorable market movements. Net subscriptions in October were 411 million euros.

Short-term bond funds received the most net subscriptions with 217 million euros. Net subscriptions for equity funds, asset allocation funds and alternative funds were 143 million, 135 million and 33 million euros respectively. Long term bond funds experienced net redemptions worth 117 million euros.