Norwegian institutionals bank on fixed income funds in August
Norwegian institutional investors’ net subscriptions to mutual funds stood at NOK 5.7bn (€520m) in August, according to latest data from the Norwegian Fund and Asset Management Association (VFF). Of this, net subscriptions to equity and mixed funds accounted for NOK 2.4bn (€220m). Foreign clients to Norwegian funds contributed net inflows of NOK 0.7bn (€64m) in August.
Meanwhile, retail customers’ net subscriptions to mutual funds stood at NOK 1bn (€91m), with equity and mixed funds attracting NOK 0.6bn (€55m) and fixed income funds gaining NOK 0.4bn (€36m). Pension funds had a net subscription of NOK 6.2bn (€570m), with NOK 3.4bn (€310m) invested in equity and mixed funds and NOK 0.7bn (€64m) in fixed income funds.
Net subscriptions for Norwegian mutual funds stood at NOK 9.7bn (€880m) in August, with NOK 6bn (€550m) in equity and mixed funds and NOK 3.7bn (€340m) in fixed income funds. Total assets increased by 2.2% to NOK 1,368bn (€124.69bn) in August.