172 million-euro negative flows from mutual funds in November

Net 172 million euros were redeemed from Finnish domiciled mutual funds during November. Due to unfavorable market movements in European and especially Nordic stock markets, the total net assets decreased by almost one billion euros. At the end of the month, the total net assets of Finnish domiciled funds were 115,4 billion.

Redemptions mainly focused on equity funds which experienced net redemptions of 520 million euros. Asset allocation funds and bond funds, on the other hand, received respectively 242 million and 112 million euros in net subscriptions. In 2017, mutual funds domiciled in Finland have gathered over four billion euros in net subscriptions. From these 65 percent have been to asset allocation funds which are typically favored by households.