S-Bank keeps head above water whilst peers see notable outflows

While the mutual fund market in Finland saw total net outflows of several billion euros in the first half of 2022, S-Bank’s mutual funds managed to attract new capital.

Assets under management at Finland’s S-Bank Group dropped to EUR 6.98bn at the end of the first half of this year, down from EUR 7.69bn in H1 2021, or 10.2% over the 12 month period, but net inflows remained positive this year, the company reports.

Inflows to S-Bank’s funds totaled EUR 78m during the first half of 2022 and year-on-year, the number of unit holders in the funds increased by approximately 44,000, reaching approximately 353,000.

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