Mutual fund flows negative over billion euros in September

Mutual funds domiciled in Finland experienced negative net flows of over billion euros in September. The most capital was redeemed from equity funds. At the end of the month, net asset value of the funds totaled 115,8 billion euros.

Redemptions mainly focused on equity funds which experienced net redemptions of 559 million euros. From short-term bond funds was redeemed almost same amount of capital, 467 million euros. Only alternative funds and asset allocation funds received positive net subscriptions.