Nordnet’s customers sell Russia funds, adopt caution

Net sales of funds through March have been lower than in the first two months of the year, with a clear trend in redemptions from Russia funds, according to Nordnet, the Swedish fund supermarket.

Net sales of all types of funds through March were some 15% below levels seen in January and February, according to the data on accounts held by Nordnet’s 230,000 customers.

The trends are pointing towards a more cautious approach, particularly in regards to equity funds, following a period since November 2012 when most of the world’s stock markets have been serving up strong performances.

However, the Russian stock market has disappointed since the start of the year, and many investors are now selling their Russia funds, Nordnet said. But, it added that this trend doomed investors to failure because it is “nearly impossible” to time the market. All that investors end up doing is losing market exposure every time they trade, which will reduce return.

Most sold funds on net basis
ROBUR RYSSLANDFOND
BID & ASK STELLA NOVA
SKAGEN KONTIKI
CARNEGIE SMÅBOLAGSFOND
BRUMMER & PARTNER LYNX
LÄNSFÖRSÄKRINGAR KORT RÄNTEFOND
HANDELSBANKEN ASTRAZENECA ALLEMANSFOND
AMF PENSION RÄNTEFOND KORT
EAST CAPITAL RYSSLANDSFOND
LANNEBO SVERIGE 130/30
 
Mest bought funds on net basis
SPILTAN RÄNTEFOND SVERIGE
DIDNER & GERGE SMÅBOLAG
SEB LÄKEMEDELSFOND
ALLIANZ THAILAND EQUITY
EXCALIBUR FOND
SPILTAN AKTIEFOND INVESTMENTBOLAG
NORDNET BALANSERAD
DIDNER & GERGE AKTIEFOND SVERIGE
NORDNET AKTIEINDEX SVERIGE
LANNEBO LIKVIDITET

(Source: Nordnet)

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