Among the different fund types, real estate funds showed particularly strong growth: their profit rates based on fund capital increased by 7.7 percentage points on the previous year. The profits of equity funds, in turn, contracted by 3.5 percentage points. Of all the investment funds operating in Finland, 84% recorded positive results, compared to 76% in 2013.
Investment fund expenses totalled EUR 1.2 bn. Expenses based on fund capital contracted from the previous year by about 14%, mainly due to lower interest expenses and other expenses. The highest expense rates were recorded by hedge funds (4.4%) and the lowest by money market funds (0.4%). Overall, investment funds’ annual expenses amounted to 1.4% of average fund capital.
The fund capital of investment funds grew by a total of EUR 10.7 bn during the financial year, to EUR 86.1 bn at the end of 2014. About half of the growth – EUR 5.3 bn – was due to net investments in funds and the remaining half was explained by the profits for the financial year.
At the end of 2014, there were 492 operating investment funds registered in Finland, administered by 31 management companies.
The Bank of Finland annually publishes a statistical release "Investment funds' financial statement data". The data are collected directly from investment funds registered in Finland. The publication also uses data from monthly balance sheet reporting by investment funds to the Bank of Finland.
Financial statements of investment funds 2014 and key figures 1995-2014.xls
Key financial figures of fund management companies, 2011-2014 (Financial Supervisory Authority)