Norwegian mutual fund sales came to NOK 5.4bn in H1

Norwegian mutual funds have NOK 19bn (EUR 1.8bn) fewer assets under management than at the beginning of 2020, but the Norwegian Fund and Asset Management Association thinks the market is on the verge of recovering after a steep downturn in March. Private investors increased their investments in the first six months of 2020.

Photo: Irene Sandved Lunde

In the first half of 2020, new fund investments came to NOK 5.4bn (EUR 509m) in Norway.

Admittedly, there was a sharp drop in the beginning of the corona pandemic, particularly in march, but sales have now risen and picked up speed again, show market statistics from the Norwegian Fund and Asset Management Association (VFF).

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