Mutual fund flows negative 359 million euros in September

Mutual funds domiciled in Finland experienced negative net flows of 359 million euros in September. However, due to favorable market movements, the total net assets increased by over 600 million euros making the end-of-month net assets 114.4 billion euros which is a new record high.

The most capital was redeemed from short-term funds with net redemptions of 494 million euros. Also, equity funds experienced redemptions of 106 million euros. On the other hand, alternative funds, bond funds and asset allocation funds received net subscriptions of 144 million, 53 million and 45 million euros respectively.