Nordnet Swedish customers show appetite for risk

Swedish online bank Nordnet reports that its funds customers shifted their purchasing towards riskier assets in February and increased their level of trading.

The volume of trade jumped by 15% compared to January, with the buying dominated by Swedish and foreign equity, and the selling led by low yielding bond funds, the figures show.

“Investors are being tempted by the very strong stock market. From being very passive at the end of 2011 we now see that trade in funds is increasing,” said Jan Dinkelspiel, Nordnet country general manager for Sweden.

“Investors are buying Sweden and global equity funds while abandoning low yielding but safer bond funds. When markets are strong eyes tend to turn towards quick gains rather than avoiding losses.”

 Most bought funds (net)  Most sold funds (net)
 Didner & Gerge Småbolag Folksam Obligationsfond
 HSBC Indian Equity Skandia Realräntefond
 SEB Corporate Bond Nordea Obligationsfond
 Danske Global Emerging Mkts. Länsförsäkringar Penningmarknad
 Brummer Nektar Öhman Penningmarknadsfond
 Skagen Kon-Tiki  Öhman Realobligationsfond
 Didner & Gerge Aktiefond Sverige Robur Rysslandsfond
 Skagen Global Fidelity Indonesia Fund
 Handelsbanken Indienfond  DNB Eco Absolute Return
 Swedbank Robur Östeuropafond  Brummer Multi-Strategy
 Source: Nordnet’s approximately 230,000 Swedish accounts during February 


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