February net sales hit SEK12bn reports Swedish industry association

The Swedish Investment Fund Association has reported net sales across the industry hit SEK12bn (€1.35bn) in February, led by bond and balanced funds.

Bond funds saw net inflows of SEK6.4bn, of which SEK2.7bn was to corporate bond funds.

Balanced funds and equity funds saw net inflows of SEK4.3bn and SEK1.8bn respectively during the month, while money market funds saw a low net SEK0.1bn.

Pia Nilsson (pictured), managing director of the Swedish Investment Fund Association, said: “2014 has started off with two month of large net inflows into funds. Equity funds showed large discrepancies. Global and sector funds experienced large inflows whereas turbulence in the emerging markets contributed to net outflows from these markets.”

“In February, the stock market development was positive, except for some emerging markets such as Russia and Latin America. After a downturn in the end of January, the value of the Stockholm Stock exchange (including dividends) increased by 6 percent. Equity funds had a total net inflow of SEK1.8bn. Net investments were made in sector funds and in funds investing in developed markets, such as Europe and Global, whereas net redemptions continued for emerging market funds.”

Total fund assets in Sweden increaed in February by some SEK90bn, reaching SEK2, 535bn by the end of the month. Of the total, some SEK1,409bn or about 56%, was invested in equity funds.



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