AMWatch

22 Norwegian mutual funds closed since 2019

Despite good times for the fund industry, 22 funds managed in Norway have been liquidated since the start of 2020.

Photo: Stine Bidstrup

It is a good time to be a Norwegian fund manager. From the start of 2021 to the end of April, net subscriptions in mutual funds totaled NOK 70m (EUR 7m), according to the industry body Verdipapirfondenes forening (the Norwegian Mutual Fund Association).

Net subscriptions for just four months have therefore already surpassed subscriptions in 2020, which totaled NOK 54m (EUR 5.4m). 2020 was not a weak year, either – you have to go as far back as 2016 to find a higher figure.

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