OP Asset Management saw institutional outflows continue in second quarter

Head of OP Asset Management Tuomas Virtala takes the two quarters of consecutive outflows from institutional clients with calm and finds comfort in growing market shares on the firm’s domestic mutual fund market.

CEO of OP Asset Management Tuomas Virtala. | Photo: PR / OP

Helsinki-based OP Financial Group’s fresh Q2 report shows that assets under management at group level took a nosedive of 9.72%, or EUR 10.2bn, over the second quarter, reaching EUR 95.3bn.

For H1 as a whole, AUM has shrunk by 14.82%, according to AMWatch’s calculations.

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