Fund outflows calmed in April

Redemption frenzy caused by the Coronavirus pandemic calmed down in April. Finnish domiciled funds received net redemptions of 408 million euros. However, total assets grew due to favorable market developments. Aggregate end of month net assets was 112 billion euros.

Bond funds had net subscriptions of 327 million euros. Additionally, asset allocations funds and alternative funds received inflows of 99 million and 27 million euros, respectively. Short term funds received redemptions of 652 million euros and equity funds received redemptions of 210 million euros.