697 million was invested in funds in July

In July, a total of 697 million of new capital was invested in mutual funds domiciled in Finland. Fund capital also grew due to favorable market developments. The total value of fund capital at the end of the month was 119 billion.

Bond and short-term funds had 348 million and 315 million euros worth of subscriptions respectively. 70 million was invested in alternative funds. Total of 35 million were redeemed from equity funds. Since the beginning of the year, equity funds have lost over 3.9 billion.