Funds shine in Swedish child savings data

Data published by Swedbank suggest that investment funds constitute the most popular form of savings used by parents on behalf of their children in Sweden.

Some 84% of parents to children aged 10-17 are saving in some form or other, the Swedish bank’s latest report into child savings suggests.

Of these, savings in funds are the most commonly used method. Almost eight in 10 children are exposued to savings via funds. Another key finding has been the averaged amounts saved: the bank said its data points to an average pot worth SEK65,000 (€6,951) per child in the age bracket analysed.

Swedbank’s findings about child focused savings reflects the broader trend of Swedes saving through collective investments.

Figures from the Swedish Investment Fund Association suggest the value of total investment fund assets equates to 78% of Sweden’s GDP, with 80% of people invested in funds. This rises to 100% market penetration once investments through the Swedish Pension Agency’s PPM platform are included in the data.



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).

Read more from Jonathan Boyd

Close Window
View the Magazine

I also agree to receive editorial emails from InvestmentEurope
I also agree to receive event communications for InvestmentEurope
I also agree to receive other communications emails from InvestmentEurope
I agree to the terms of service *

You need to fill all required fields!