Suomen Pankki

In September 2024, households invested more in investment funds and equities

Share

In September 2024, households made more subscriptions in Finnish investment funds[1] than they redeemed from them. In net terms, the new investments amounted to EUR 190 million. Since the beginning of 2023, the monthly investment inflow has been positive. In September, the largest net investments were made in bond and equity funds, both reaching almost EUR 85 million. Most of the bond fund subscriptions were made in short-term bond funds (EUR 53 million). Households have now made net redemptions from real estate funds for 17 months in a row. However, in September 2024, the redemptions from real estate funds were low in net terms (EUR -0.3 million).

In addition to new investments, the value of domestic investment fund holdings appreciated by EUR 300 million in September. In September, the largest appreciation took place in equity funds (EUR 150 million) and bond funds (EUR 95 million). At the end of September, households’ investments in domestic investment funds were at their all-time highest level (EUR 37.9 billion). Most of the holdings were in equity funds (43%), bond funds (28%) and mixed funds (19%). In addition, households have a significant amount of holdings in domestic investment funds through unit-linked insurance policies.

In September 2024, Finnish households also invested a further EUR 80 million in foreign investment funds[2]. In September, foreign investment fund units held by households exceeded EUR 8 billion, in contrast with EUR 5.9 billion a year earlier.  

Households acquired more quoted equities

At the end of September 2024, households’ holdings of quoted equities[3] totalled EUR 51.0 billion, representing an increase of 17% year-on-year. Foreign equities held by households have outperformed Finnish equities in the past year. Lately, the allocation to foreign equities in households’ portfolios of quoted equities has increased. In end-September 2024, foreign equities accounted for 14%, as opposed to 12% year earlier. In the September 2024, households invested a further EUR 600 million in net terms[4] in quoted equities. In addition, the value of the equity holdings increased by almost the same amount. So far, the highest total value of equity holdings was seen in August 2021, at EUR 56.1 billion.

Households’ financial assets exceeded EUR 400 billion – deposits accounted for 28%

At the end of September 2024, the stock of Finnish households’ deposits stood at EUR 110.7 billion. In recent months, the deposit stock has resumed positive year-on-year growth. In September, the annual rate of change of the deposit stock was +0.5%. In the wake of rising interest rates, Finnish households have moved their funds to higher-interest deposit accounts. At the end of September, 60% of the assets on deposit accounts were overnight deposits (incl. current accounts), 13% had an agreed maturity and 26% were investment deposits[5]. The average interest rate on the deposit stock was 1.33%. In September 2024, deposit accounts had net inflows of EUR 43 million.

According to Statistics Finland’s financial accounts, households’ financial assets stood at their all-time high level at the end of June 2024. During the second quarter of 2024, the financial assets exceeded EUR 400 billion for the first time. Deposits accounted for 28% of households’ financial assets.

For further information, please contact:

Markus Aaltonen, tel. +358 9 831 2395, email: markus.aaltonen(at)bof.fi,

Ville Tolkki, tel. +358 9 183 2420, email: ville.tolkki(at)bof.fi.

Related statistical data and graphs are also available on the Bank of Finland website: shttps://www.suomenpankki.fi/en/Statistics/saving-and-investing/.

The next news release on saving and investing will be published at 10 am on 10 February 2025.

[1] Including UCITS and non-UCITS investment funds registered in Finland.

[2] Investment fund units held in custody in Finland.

[3] Held in custody in Finland.

[4] Purchases – sales

[5] Investment deposits are deposits redeemable at notice. They do not have a fixed maturity date (unlike deposits with an agreed maturity), but they have a notice period, during which the deposit cannot be converted into cash without consequences (unlike overnight deposits). This category also includes investment accounts without a period of notice or agreed maturity but which have restrictive drawing provisions.

Keywords

Links

Bank of Finland

The Bank of Finland is the national monetary authority and central bank of Finland. At the same time, it is also a part of the Eurosystem, which is responsible for monetary policy and other central bank tasks in the euro area and administers use of the world’s second largest currency – the euro.

Subscribe to releases from Suomen Pankki

Subscribe to all the latest releases from Suomen Pankki by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Suomen Pankki

Bank of Finland and FIN-FSA hold seminar on ‘Impact of AI on Economy, Finance and Supervision’13.11.2024 09:15:00 EET | News

Artificial intelligence (AI) offers new opportunities for businesses and public authorities regarding the work they do and the way they do it. The use of AI also brings with it risks that need to be managed. On 13–14 November 2024, the Bank of Finland and the Financial Supervisory Authority (FIN-FSA) are holding a seminar to explore the impacts of AI on the economy, the financial sector and financial supervision.

Hushållen investerade mer i investeringsfonder och aktier i september 202411.11.2024 10:00:00 EET | Pressmeddelande

I september 2024 gjorde hushållen mer teckningar än inlösen i finländska investeringsfonder[1]. Nya nettoinvesteringar gjordes för 190 miljoner euro. Sedan början av 2023 har investeringsbeloppet per månad varit positivt. I september gjordes mest nya investeringar i ränte- och aktiefonder, i båda till ett värde av nästan 85 miljoner euro. Av teckningarna i räntefonder gjordes merparten i korta räntefonder (till ett värde av 53 miljoner euro). Hushållens inlösen från fastighetsfonder har varit större än teckningarna nu 17 månader i följd. I september 2024 var emellertid nettobeloppet av hushållens inlösen från fastighetsfonder litet (–0,3 miljoner euro). Utöver nya investeringar ökade också värdet på de inhemska fondinnehaven i september, över 300 miljoner euro. Värdeökningen var störst i aktiefonderna (150 miljoner euro) och räntefonderna (95 miljoner euro). Vid slutet av september var hushållens investeringar i inhemska investeringsfonder större än någonsin (37,9 miljarder euro). Merp

Syyskuussa 2024 kotitaloudet sijoittivat lisää sijoitusrahastoihin ja osakkeisiin11.11.2024 10:00:00 EET | Tiedote

Vuoden 2024 syyskuussa kotitaloudet tekivät enemmän merkintöjä kuin lunastuksia suomalaisiin sijoitusrahastoihin[1]. Nettomääräisesti uusia sijoituksia tehtiin 190 milj. euron edestä. Vuoden 2023 alusta lähtien kuukausittainen sijoitusmäärä on ollut positiivinen. Syyskuussa uusia sijoituksia tehtiin eniten korko- ja osakerahastoihin, molempiin lähes 85 milj. euron edestä. Korkorahastoihin tehdyistä merkinnöistä suurin osa (53 milj. euroa) tehtiin lyhyen koron rahastoihin. Kiinteistörahastoista kotitaloudet ovat tehneet lunastuksia enemmän kuin merkintöjä nyt 17 kuukautta putkeen. Syyskuussa 2024 lunastuksia kiinteistörahastoista tehtiin kuitenkin nettomääräisesti vähän (-0,3 milj. euroa). Uusien sijoitusten lisäksi myös kotimaisten rahasto-omistusten arvo kasvoi syyskuussa yli 300 milj. euroa. Syyskuussa arvo kasvoi eniten osakerahastoissa (150 milj. euroa) ja korkorahastoissa (95 milj. euroa). Syyskuun lopussa kotitalouksien sijoitukset kotimaisiin sijoitusrahastoihin oli kaikkien aik

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
HiddenA line styled icon from Orion Icon Library.Eye