Net inflows across all asset classes through July – Swedish stats

Investment fund inflow data for July published by the Swedish Investment Fund Association point to a strong month across all sectors, helping take total assets up SEK63bn (€6bn) to SEK4.301trn (€411.5bn)

Net inflows reached SEK15bn (€1.4bn), with SEK4.6bn going to long term fixed income, SEK4bn to short term fixed income, SEK3.6bn to equity, and SEK2.2bn  to balanced funds.

Year to date, total net sales of investment funds have hit SEK36bn (€3.4bn), of which SEK12bn were invested in balanced funds.

Gustav Sjöholm, financial savings economist at the Association, said: “Swedes’ net savings into funds were higher than normal in July. Geopolitical unrest and question marks about the stock market development later this year increased the trend of previous months towards lower risk, more than half of the total net sales went to fixed income funds.”

Again, there was a correlation between positive performance on the Stockholm Stock Exchange and positive equity inflows over the month, although investors sought out global and North America funds rather than emerging markets or Asia funds – which recorded net outflows. On a year to date basis, local investors have pulled some SEK16bn out of Sweden funds, but invested a net SEK19bn in global funds.

Equity funds remain the preferred class, with some 60% of total fund assets, or SEK2.563trn (€245.2bn)  invested this way out of total assets across all classes of SEK4.301trn.

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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