637 million euro negative flows from mutual funds in January

Net 637 million euros were redeemed from Finnish domiciled funds during January. However, due to favorable equity market movements the total assets of Finnish domiciled funds increased to 113,2 billion euros.

Most redemptions were made from equity funds that lost a total of 680 million euros. Asset allocation and short-term funds were affected from negative flows as well. The new capital, in turn, accumulated in long-term funds by 182 million, and in alternative funds by 19 million euros.