Coronavirus and investments

The widely spreading coronavirus has shook up stock exchanges around the world. In Finland too, the virus has caused uncertainty among savers and investors. On this page, we assemble the latest information about the effects of the coronavirus on the market situation.

Coronavirus and shares – why are prices falling?

Share prices are determined by supply and demand. Investors buy shares in hopes that their value will increase in the future. Since the coronavirus pandemic is making the future uncertain, investors are unwilling to pay as high share prices as before, or they want to sell all of their shares.

When prices fall, security prices gradually stabilise at a new, lower level where supply and demand meet again.

Coronavirus and mutual funds – why are the values of many funds falling as well?

For many clients, mutual fund investing is the first step in the world of investment. Mutual funds are managed by experts. Their risks are diversified as the funds’ assets are invested in dozens or even hundreds of shares or other securities.

When the values of the shares or other securities owned by the fund (depending on the type of the fund) fall due to the corona crisis, the value of the fund falls too. The value of a fund is determined by the prices of securities it owns. When security prices are falling, the value of the fund portfolio falls as well.

Coronavirus and investments – five tips for investors

1. Keep calm!

Stick to your investment plan, even if it may feel difficult. In long-term investments, market fluctuations are normal. Over a time span of several years, individual causes of instability, such as the corona crisis, play a minor role. Investors’ best protection against falling prices include an efficient investment plan and an effectively diversified portfolio.

However, if you are distressed about the situation, we recommend that you consider switching to less risky investments, rather than exiting the market and transferring your funds to deposits.

2. Every bear market is followed by a bull market – just keep hanging on

Remember that if you exit the market now for a longer period, it’s very likely that you will miss out on price rises.

“In history, share prices have risen and provided high returns over the long term,” says Kai Kalajainen, Director, Wealth Management at OP. Long-term observation reveals various types of crises, from wars to the financial crisis. Although stock prices have fallen, they have always rebounded and eventually exceeded the previous record highs.

Presumably, the effects of the corona crisis on investments will also be temporary – history has shown that markets have recovered surprisingly fast even from large price falls.

3. Buy and hold strategy often leads to the best results

The buy and hold strategy is more likely to provide better results than trying to sell at peak prices and buy at the bottom.

“In the short term, we expect continuing uncertainty and fluctuations. However, the situation will calm down at some point and markets will begin to stabilise,” says Kai Kalajainen. Patience is a virtue, also when it comes to the corona crisis and investments.

4. Is this a good time to buy?

If you’re not afraid of taking risks, you should consider buying more mutual fund units or shares now that prices are clearly down.

If your investment horizon is several years, it’s highly likely that prices are now at a lower level. If you decide to buy, we recommend that you do it gradually, in several batches.

5. A monthly investor is always in the market

Monthly investment is an excellent way to save your nerves in the capital market. The easiest way to do it is through monthly investments in mutual funds. This way, you will be in the market when stock prices go up and when they are low.

(Source, Investor, calm down! Five value-for-money tips for a long-term investor) (in Finnish)


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If you don’t have an urgent need for the money, it’s advisable to just wait and keep to your investment plan. Remember that possible losses won’t be realised until you sell your investments.

If you seek to increase your wealth in the long term, during at least five years, the instability of this kind does not play a big role. Investors’ best protection against falling prices is a functioning investment plan and a portfolio that is effectively diversified across asset classes and, within them, by industry and by timing. If you are a short-term investor aiming for a specific amount in the near future, this may be a good time to sell your fund units.

To redeem your fund assets, log into the OP website in Finnish and go to section Rahastot (Mutual funds) on the page Säästöt ja sijoitukset (Savings and investments). Select the mutual fund whose units you want to redeem. Click the button Myy (Sell) and enter the redeemed amount. The assets redeemed from the mutual fund will normally be transferred to your account within 1–2 banking days.

Share prices have now fallen significantly, which offers a buying opportunity for a long-term investor with high risk tolerance. It’s impossible to say what is the right moment to buy. We will certainly see fluctuation in prices for some time. It is advisable to diversify any purchases between several moments of time.  For example, monthly investing in a mutual fund is a good way to diversify in this situation.

If you have OP eServices user identifiers, choose an investment service package that meets your needs (either saver’s service package or inverstor’s service package). Both service packages include the book-entry account and securities custody.

To open a service package or to transfer your custody to an OP cooperative bank, go to this page.

To surrender your OP Unit-linked Insurance policy, send us an online message when you are logged in. Select as the message subject Endowment, life and pension insurance (Säästö-, henki- ja eläkevakuutukset). When sending the online message, you will find more detailed instructions on what to include in the message.

If you have concerns about the market situation, you can change the investment mix of your insurance investment so that the risk is lower. If you do so, you avoid any tax consequence caused by a withdrawal. To get investment advice on how to change your investment mix, call OP Customer Service at 0100 0500.

If you want to leave your insurance in force, you cannot withdraw all assets. You can check the minimum amount to be left by calling OP Life Assurance Company’s customer service at 010 253 6100 (Mon–Fri 8–18). The processing time of the application is 1–2 weeks. When you withdraw savings, a possible surrender charge specified in the terms and conditions will be debited.

If you want to make changes to your payment plan, log into the OP website and go to the page Vakuutussäästäminen (Saving through insurance). Select the section Maksusuunnitelma (Payment plan).

Please note that reducing or terminating the payment plan may also affect the fees charged for the insurance policy. For more detailed information on fees applicable to your insurance policy, please call OP Life Assurance Company’s customer service at 010 253 6100 (Mon–Fri 8–18).

Once you have changed your payment plan, check any e-invoices that are due in your e-invoice archive (E-laskuarkisto) and remove those that have been made according to the old payment plan.

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