Total value of households’ investment fund holdings grew considerably in the second quarter

The total value of households’ investment fund holdings grew considerably in the second quarter of the year, April–June. At the end of June 2026, households’ holdings in investment funds amounted to EUR 60.5 billion, compared with EUR 53.7 billion at the end of March 2026. The value of households’ investment fund holdings declined in March because of weak equity market performance. The total value of investment fund holdings at the end of June was the highest on record. The total value was boosted during the second quarter by both the appreciation of existing holdings and new fund subscriptions.

During the second quarter, households made substantial net subscriptions ¹ to investment funds, totalling EUR 1.4 billion. Of these net subscriptions, EUR 568 million were made in June. In addition to positive net subscriptions, the value of investment fund holdings rose by EUR 5.4 billion during the second quarter.

Of the total investment fund holdings at the end of June, EUR 47.7 billion (79%) was in domestic ² funds and EUR 12.8 billion in foreign funds ³. Of the quarter’s net subscriptions, 64% went to domestic investment funds.

Deposits

At the end of June 2026, households’ deposits amounted to EUR 118.1 billion. Of these deposits, EUR 72.2 billion were overnight deposits, EUR 29.1 billion investment deposits ⁴ and EUR 16.8 billion deposits with an agreed maturity. In June, households made new deposit agreements with an agreed maturity in the amount of EUR 1.4 billion, at an average interest rate of 2.54%. The average interest rate paid on new deposits with an agreed maturity has risen since March. In February the average interest rate on new deposit agreements was 2.16%. Interest rates on deposits with an agreed maturity typically move in line with Euribor rates.

The average interest rate on the total deposit stock stood at 0.84% at the end of June. The average interest rate on the stock of overnight deposits was 0.37%, on investment deposits 1.31% and on deposits with an agreed maturity 2.07%.

Equity investments

At the end of June 2026, households held quoted shares worth EUR 62.4 billion. Of these investments, EUR 52.5 billion (84%) were shares in Finnish companies. In June, households made net investments of EUR 196 million in shares, of which 63% were shares of Finnish companies.

Most of the figures discussed in this release have been published in the Saving and investing dashboard.

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

The next news release on saving and investing will be published at 10 am on 9 November 2026.

Further information

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

¹ Subscriptions minus redemptions.

² Includes UCITS and non-UCITS funds registered in Finland.

³ Includes investment fund units held in custody in Finland.

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 an agreed maturity but have restrictive drawing provisions.