Swedes seek equities funds in November

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Figures published by the Swedish Investment Fund Association suggest appetite for equity funds returned in November, following volatility in the markets during October.

Net savings of SEK3bn (€321m) were made into equity funds through the month, while balanced funds attracted a net SEK8bn (€857m), while fixed income funds saw net withdrawals.

Total inflows to investment funds across all categories hit SEK3.6bn on a net basis, helping take total fund assets some SEK60bn (€6.43bn) higher to SEK2.919trn (€313bn) by month’s end.

Total net sales of investment funds through 2014 to date have hit SEK113bn (€33.5bn), of which bond funds and balanced funds have accounted for SEK61bn and SEK54bn respectively. However, equity funds still account for some SEK1.613trn of the total assets recorded by the industry.

Pia Nilsson, managing director of the Swedish Investment Fund Association, said: “After the stock market upturn in November, it was expected that active fund investors choose equity funds again. At the same time, the great interest for balanced funds shows that investors are seeking risk diversification. The low interest rate is the reason why net withdrawals have been made from money market funds.”


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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