Inflows show change of mood among Norwegian fund savers in April

After a nightmarish March, savers have returned to investing in Norwegian mutual funds. Net inflows reached NOK 5.4 billion in April, according to new statistics.

CEO of VFF, Bernt S. Zakariassen. | Photo: PR / VFF

Norwegian mutual funds have seen extreme movements in recent months, with record high outflows in March triggered by the corona crisis and sharp price drops for equities and the fixed income market. In total, the value of fund assets fell by 11 percent in March, with outflows from the fund market at a record high of NOK 63 billion.

Recent statistics for April from the Norwegian Fund and Asset Management Association (VFF) now show that the mood of investors has changed, although their enthusiasm has not fully come into effect, reports Dagens Næringsliv.

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