All Nordic fund markets hit by new redemptions in May - except one

Nordic fund markets saw significant outflows in May, except for the Swedish market, which was aided by special deposits. AUM in the Nordics kept declining, bringing one country back to 2018 levels, AMWatch’s monthly review shows.

Mölle in the Southern part of Sweden on a rainy day. | Photo: Carsten Ingemann/Jyllands-Posten/Ritzau Scanpix

Negative returns and redemptions hit Nordic fund markets broadly in the fifth month of the year, continuing the declines after a halt in April.

In total, the four Nordic saw net outflows of EUR 5bn compared to a tiny net inflow in April.

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