Over 500 million euros was redeemed from mutual funds in May

Mutual funds domiciled in Finland experienced 537 million euros negative net subscriptions in May. However, due to favorable market movements, total net assets increased by more than one billion euros. The total net assets amounted to 116,8 billion euros at the end of the month.

The most capital was redeemed from equity funds which lost more than one billion euros. On the other hand, money market funds received 357 million euros in net subscriptions. This partly reflects the fact that capital was moved from equity funds to cash reserves to wait for decrease in uncertainty. Bond funds received 103 million euros in net subscriptions.