5% own 79% of equity wealth in Sweden

Calculations of data published by Statistics Sweden suggest that 5% of the population own 79% of equity wealth – although not all investments within mutual funds or insurance products are counted towards this split.

Daily financial newspaper Dagens Industri highlighted the concentration of wealth in its breakdown of averages noted by the statistical authority; SCB noted that household savings grew by SEK32bn to some SEK357bn (€38.3bn) through 2015, leading to a savings ratio including workplace related pension savings, of some 8%. Savings defined as ‘financial savings’ increased SEK22bn to some SEK298bn (€32bn)

Households’ equity wealth derived from companies listed on Swedish markets increased by SEK110bn to some SEK724bn (€77.7bn), DI said. Individual with direct equity holdings saw the average portfolio up SEK79,000 to SEK492,000 over the year (€58,000).

However, the average figure does not tell the full story, the paper added, because a relatively small number of individuals own a large share of the stock market value. This is illustrated by the figures for median portfolios, which saw a far smaller increase of SEK1,000 to SEK28,000 by the end of 2015 – excluding data on mutual funds and insurance based savings.

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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