Evli’s month was somewhat subdued, with a net total of approximately EUR 30 million redeemed from the company’s funds. Redemptions were mainly directed at short-term interest rate funds with moderate fee levels and equity funds with healthy fee levels, so the overall development can be considered slightly negative. A positive aspect, however, was that significant new capital flowed into long-term interest rate funds, which, in our view, stems from the company’s strong position in fixed income asset management. The entire calendar year was somewhat subdued in terms of sales for the company, as cumulative net subscriptions were only positive by approximately EUR 110 million (1.1% of assets at the beginning of the year).
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