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.”


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