PSS Reports Monthly Activity Highlights
Core Net New Assets Total kr10.4 Billion
The PSS Corporation released its Monthly Market Activity Report today. Company highlights for the month of October 2023 include:
Net new assets brought to the company by new and existing clients in October 2023 totaled negative kr19.8 billion. October 2023 net new assets included a kr30.2 billion outflow related to a mutual fund clearing services client, representing the final part of a planned transfer, which totaled approximately kr75 billion. Net new assets for the month also included a kr2.9 billion inflow related to another mutual fund clearing services client.
Total client assets were a record kr2.18 trillion as of month-end October, up 15% from October 2022 and up 2% compared to September 2023.
Client daily average trades were 490.8 thousand in October 2023, up 12% compared to October 2022 and up 5% compared to September 2023. October 2023 trading activity included a 5% sequential increase in daily average revenue trades.
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