Nordnet Monthly Savings Agreements Exceed 200,000 in Finland
Nordnet's monthly savings agreements in Finland have surpassed 200,000. Fund investments proved more popular than stock investments in 2023.
The number of monthly savings agreements at Nordnet among its Finnish customers has exceeded 200,000 during 2023. The bank reports that fund investing has been more popular than direct stock investing this year.
In 2023, the growth rate of fund savers among Nordnet's Finnish clients was 10%, compared to a 6% increase in stock investors. This trend has resulted in a total of 200,000 monthly savings agreements for both mutual funds and exchange-traded funds (ETFs).
According to Nordnet, monthly saving is particularly favored by individuals aged 26–35. The average monthly saving amount is 240 euros. Those saving in ETFs invest an average of 600 euros per month, while the average for mutual fund savers is 150 euros.
The most popular mutual fund was Nordnet Indeksirahasto Suomi ESG, and the top ETF was the iShares Core S&P 500 UCITS ETF. A survey indicated that direct stocks and equity funds also attracted nearly as much interest from Finns in November.