Almost 500 million euros redeemed from funds in August

492 million euros of net subscriptions were redeemed from Finnish domiciled funds in August. Most of the redemptions were from equity funds. At the end of the month, net asset value of the funds totaled at 116,5 billion euros.

Most of the redeemed assets were from equity funds, which lost 487 million in total. Only asset allocation funds experienced a positive net flow totaling 73 million euros. Largest year to date redemptions have been from equity funds and bond funds.