SEK8bn to funds in March

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Swedish investors put a net SEK8bn in to investment funds through March, according to latest data published by the Swedish Investment Fund Association.

Overall AUM increased by some SEK50bn to take the industry’s total to a new high of SEK3.355trn (€360.1bn)

The Association reports that large deposits were made in balanced and bond funds, while equity funds saw net outflows.

Some SEK12.7bn was invested on a net basis into balanced funds and SEK5.5bn into bond funds. Hedge funds also saw net investments of SEK2.1bn.

However, equity funds saw net redemptions of SEK-9.3bn, and money market funds continued to experience a trend, with a further net redemption of SEK-3bn. Money market funds have seen net redemptions of close to SEK-13bn (€1.4bn) since the start of 2015.

Pia Nilsson, CEO of the Swedish Investment Fund Association, said: “The interest for investment funds was, as expected, great also in March. Somewhat more surprising, however, is the withdrawals made from equity funds. My first thought is that some investors have wanted to bring home profits after the start of the year which has seen an extreme rise in the stock market. Balanced funds with risk diversification are very popular.”

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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