Mutual fund net subscriptions 257 million euros negative in March

Finnish domiciled funds experienced 257 million euros negative net subscriptions in March. Poor market development caused the total net assets to decrease by over two billion euros. The combined net asset value of Finnish domiciled funds was over 114.4 billion euros at the end of the month.

Equity funds experienced the largest net redemptions, 303 million euros in total. Money market funds also lost 136 million euros. However, alternative funds received 129 million net subscriptions and especially real estate funds were favored. Asset allocation funds and long-term bond funds draw in slightly more funds than was redeemed from them.