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Nordic savers favor fixed income funds while ditching equities

This year, savers in Norway, Sweden and Denmark tend to increase their investments in fixed income funds while selling equity funds, according to new October statistics from investment fund associations in the tree countries.

Photo: Brendan Mcdermid/Reuters/Ritzau Scanpix

Fund savers in Norway, Sweden and Denmark gravitate to long-term fixed income funds this year. The trend has been confirmed by new statistic data for October this week.

In Norway, funds totaling EUR 33m were sold in October. EUR 280m went out of equity funds, while EUR 230m went into fixed income funds. Norwegian mutual funds' assets now total EUR 128bn; this year to date, the amount has increased by EUR 16.4bn - corresponding to 14.6 percent.

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