Finnish domiciled funds received EUR 498 million of net subscriptions during April.
Fund capital also grew due to favorable market developments. The total value of fund capital at the end of the month was EUR 118 billion. Funds were redeemed from equity funds, totaling EUR 77 million. Since the beginning of the year, equity funds have lost more than EUR 1.6 billion, despite the strong rise in share prices. Funds have been transferred to fixed income funds. In April, 249 and EUR 282 million of new capital were raised in long-term funds. EUR 1.6 million was invested in alternative funds.