Equity funds draw Swedes in November

Data from the Swedish Investment Fund Association suggest local investors put money into equity funds and withdrew money from fixed income funds through November.

Net inflows to equity fund sectors covered by the data hit SEK10.2bn (€1.1bn) through the month. In contrast, money market funds saw withdrawals of SEK5.6bn (€600m), and money market funds saw withdrawals of SEK9.6bn (€1bn) on a net basis.

Balanced funds drew in SEK3.8bn and hedge funds SEK0.3bn on a net basis. Money market funds

The Association said the shift reflected the trend seen on equity markets. In particular it said net deposits were primarly made in Sweden funds, with the local stock market gaining 4% over the month, including dividend returns.

Total fund assets grew by SEK52bn to SEK3.301trn (€354bn) by the end of November. In the year to date, total net sales of investment funds have hit SEK43.5bn (€4.7bn).


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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