Net subscriptions to funds dried up in October, totaling just € 45 million. Fund assets grew to approximately € 225 billion, supported by positive market performance. In equity funds, investor interest was focused particularly on Global Equity funds. Money was withdrawn from North America Equity funds.
Net subscriptions to Finnish investment funds totalled only € 45 million in October. Year-to-date, net subscriptions have exceeded € 6 billion. October saw the lowest net subscriptions of the year, excluding March, when internal transfers within a single group pushed net subscriptions into negative territory. Despite the low level of net subscriptions, fund assets grew to approximately € 225 billion in October. This was an increase of about € 1 billion from September. Since very little new money flowed into the funds, the growth in assets was driven by the appreciation of fund values.
