June inflows take Sweden’s net 2017 YTD to SEK60bn

With net inflows of SEK9.8bn (€1bn) in June, Sweden’s investment funds industry saw total inflows on a year-to-date basis hit SEK59.5bn (€6.2bn), data from the Swedish Investment Fund Association show.

With total fund assets up SEK56bn (€5.8bn) through the month, industry assets hit SEK3,817bn (€397bn), which means that industry assets have grown some SEK250bn (€26bn) since the end of 2016.

The month of June saw a turnaround of sorts, with equity funds experiencing net outflows (SEK1bn), although they have accounted for net inflows of SEK25.6bn (€2.66bn) over the first half of the year. This trend reflects the negative performance of the Stockholm Stock Exchange, which lost some 2% including dividends over the month. Sweden equity is a key fund category in the industry.

Other categories experiencing stronger net inflows over the first half included Global funds (SEK22bn/€2.28bn), and index funds, which have achieved niflows of SEK23.7 (€2.46bn).

Fredrik Hård, economist at the Swedish Investment Fund Association, said: “Net sales of funds have been very large during the first half of 2017. Positive stock market development has probably contributed to net deposits of nearly SEK 60 billion, mainly into equity funds,”


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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