1,4 billion euros redeemed in May

Around 1,4 billion euros were redeemed from funds domiciled in Finland. Fund sizes were also reduced due to stock market developments. End of month aggregate fund size was 114 billion euros. Largest redemptions were from equity funds, around 2,2 billion euros. Asset allocation funds had redemptions of 26 million euros. 1,4 billion euros of equity fund redemptions were due to international fund structures (outflows from Finnish funds and inflows to foreign funds). Fixed income funds had positive net flows. Bond- and short term funds had 350 million and 416 million euros worth of subscriptions respectively. Alternative funds had positive net flows of 13 million euros.