Household equity and fund investments declined from all-time highs in March 2026

Majority of households’ fund investments in equity funds

The value of Finnish households’ mutual fund holdings fell by EUR 2.5 billion from the all-time high recorded in February 2026 (EUR 56.3 billion) to EUR 53.8 billion by the end of March. Of this total, EUR 43.0 billion was held in domestic investment funds¹ and EUR 10.8 billion in foreign funds². More than half of household fund investments were in equity funds, which saw the largest decline in March. The war in Iran increased uncertainty in the markets in March, which had a broad impact on equity market performance worldwide. The second-largest share of households’ fund investments (23%) was in bond funds.

Over the past two years, households have on average made net subscriptions to investment funds of around EUR 250 million per month. In March 2026, redemptions from domestic investment funds slightly exceeded new subscriptions, resulting in net subscriptions of –EUR 6 million. The last time net subscriptions to domestic investment funds were negative was in April 2025. In March 2026, net subscriptions to foreign investment funds amounted to EUR 77 million.

Households made small net investments in quoted shares in March

The value of Finnish households’ quoted shareholdings fell by more than EUR 3 billion from the all-time high recorded in February (EUR 62.3 billion), standing at EUR 59.1 billion at the end of March. Household equity investments performed exceptionally well in 2025. At the end of March 2026, domestic companies’ shares accounted for 85% and foreign shares for 15% of households’ quoted shareholdings. In March 2026, households made net investments³ of EUR 15 million in quoted shares.

Annual growth rate of household deposit stock slowed

At the end of March 2026, the deposit stock of Finnish households totalled EUR 115.9 billion. The stock contracted slightly in February and March. In January 2026, Finnish households’ deposit stock was still at its nominal all-time high (EUR 116.4 billion). The annual growth rate of the deposit stock slowed during February and March 2026 and stood at 3.4% at the end of March. In January 2026, the annual growth rate was still 1.3 percentage points higher.

At the end of March, 61% of household deposits were overnight deposits (including current accounts), 14% had an agreed maturity and 25% were  investment deposits⁴. The average interest rate on the deposit stock was 0.80%. In March 2026, a net amount of EUR 453 million flowed out of household deposit accounts.

Deposits accounted for 27% of households’ total financial assets (EUR 433 billion⁵) and quoted shares and fund shares together accounted for 26%.

New dashboard published on the Bank of Finland website

The Bank of Finland has published a new Saving and investing dashboard on its website, with data and charts on Finnish households’ deposits and securities holdings. The data can be broken down, for example, by holding sector and financial asset type (deposits, quoted shares, fund shares and debt securities). The new dashboard replaces the standard table previously published alongside statistical releases. The content of the new dashboard has been expanded and refined compared with the old table. The dashboard is available on the Bank of Finland website at https://www.suomenpankki.fi/en/statistics/dashboards/saving-and-investing/

Further information

• Markus Aaltonen, tel. +358 9 183 2395, email: markus.aaltonen(at)bof.fi,
• Pauli Korhonen, tel. +358 9 183 2280, email: pauli.korhonen(at)bof.fi

Related statistical data and graphs are also available on the Bank of Finland website: https://www.suomenpankki.fi/en/statistics/.

Statistical data are also available via an API from the Bank of Finland’s open data portal. For details, see https://www.suomenpankki.fi/en/statistics/open-data/?epslanguage=en

The next news release on saving and investing will be published at 10 am on 7 August 2026.

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^{1 Includes UCITS and non-UCITS funds registered in Finland.}

^{2 Investment fund units held in custody in Finland.}

^{3 Purchases–sales.}

^{4 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 that do not have a period of notice or agreed maturity but have restrictive drawing provisions.}

^{5 Data as at year-end 2025. Source: Statistics Finland.}