Equity fund flows rally through April in Sweden

Data from the Swedish Investment Fund Association suggest local investors turned toward risk assets through April, sending net inflows to equity funds to SEK6.1bn (€629m), accounting for about half the SEK12.4bn (€1.27bn) in total net sales through the month.

The flows helped total fund assets rise by some SEK79bn (€8.15bn), taking the industry total to SEK3.826trn (€), which is another record.

Balanced funds saw net inflows of SEK4.7bn (€xx ), bond funds SEK1.3bn (€xx ), while money market funds saw net outflows of SEK0.5bn (€395bn).

The skew toward equity funds is also reflected in year-to-date figures, which show that some SEK23.6bn out of the total SEK38.5bn (€2.4bn/€3.97bn) net inflows have been accounted for by the asset class. Equity funds account for some 58% of total fund assets in the Swedish market, the data show.

Fredrik Pettersson, chief analyst of the Association, said that investors shifted their focus, taking money out of US funds on a net basis, and buying more global and European funds. Index funds continued to attract attention also; some SEK7.5bn (€774m) in net flows went this way in April.

(Source: Swedish Investment Fund Association)



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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