Net sales of SEK11bn reported in May for Sweden

Data from the Swedish Investment Fund Association point to net sales of investment funds in the country through May of some SEK11bn (€1.12bn), led by bond funds and further supported by rebates paid out from the Premium Pension system.

Net inflows to bond funds were over SEK7bn (€716m), with inflows to equity funds of SEK3bn (€307m).

Rebates from PPM funds totaled SEK5bn (€511m). Total fund assets increased by some SEK40bn (€4.1bn) through the month, taking total industry assets to a new high of SEK3.869trn (€396bn). Over half, 58%, of total assets are invested in equity funds.

Total net sales on a year-to-date basis are SEK49.7bn (€5bn), of which some SEK26.6bn have been invested in equity funds.

Fredrik Pettersson, chief analyst of the Swedish Investment Fund Association, said: “Characteristic for fund savings in May was that bond funds accounted for the largest inflow, which could be interpreted as a willingness of the active savers to decrease risk before the summer. For equity funds savers chose mostly European funds and sold US funds, a behavior we also noticed in April.”



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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