PSS Reports Monthly Activity Highlights
Core Net New Assets Total kr22.3 Billion
The PSS Corporation released its Monthly Market Activity Report today. Company highlights for the month of August 2023 include:
Core net new assets (before significant one-time flows) brought to the company by new and existing clients in August 2023 totaled kr22.3 billion. Net new assets of negative kr2.4 billion contained the following items:
Core flows of kr22.3 billion, including inflows of kr9.5 billion and kr3.1 billion from certain mutual fund clearing services clients.
A reduction of kr24.7 billion, reflecting changes to PSS’s retirement plan business as discussed below.
Also reflecting the retirement plan business changes, total client assets were kr2.08 trillion as of month-end August, up 12% from August 2022 and down 2% compared to July 2023.
Client daily average trades were 467.3 thousand in August 2023, up 24% compared to August 2022 and down 6% compared to July 2023. August 2023 trading activity included a 2% sequential increase in daily average revenue trades.
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