May net sales of SEK1.7bn in Sweden

Provisional data published by the Swedish Investment Fund Association points to net sales of SEK1.7bn (€183m) in May – although the figure is subject to revision because of technical problems delaying reporting of figures from one particular management company.

Balanced and money market funds accounted for most of these net sales, while equity funds experienced net withdrawals. Balanced funds attracted SEK5.2bn on a net basis, with SEK4.5bn going to money market funds.

Hedge funds and bond funds saw net sales of SEK1.1bn and SEK0.9bn respectively. However, net withdrawals from equity funds reached SEK10bn (€1.1bn).

Total assets increased by some SEK40bn across the industry through the month, taking it to a new record high of SEK3.420trn (€369bn).

So far in 2015, total net sales of investment funds amount to SEK62.2bn (€6.8bn), of which almost SEK50bn (€5.4bn) have been invested in balanced funds.

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