Swedish equity savings highest in Europe – report

The Swedish Investment Fund Association has published a report highlighting a significantly higher proportion of savings in funds taking on equity exposure compared to the mean across Europe.

The report – Det svenska fondsparandet ur ett internationellt perspektiv – highlights factors influencing use of funds for savings purposes, including how local stock markets have performed, the most popular types of funds, fees and satisfaction levels among investors.

In Sweden, the local stock market has performed well over time compared to other investment alternatives such as interest rates. And returns on Swedish equities have been higher than in many other countries. This has influenced rates of savings into equity funds, with some 70% of all savings into collective investments going to equity funds.

Sweden also is notable for the high level of financial wealth; it ranks second after Denmark, with some SEK1.35m (€130,000) on a per capita basis, according to the data from the Fund Association.

The country offers a wide range of funds, and fund fees generally are low compared to other European countries. All fund categories in Sweden exhibit lower management fees than the European average. From the point of view of savers, Sweden is one of the best countries for investing in funds, where they also enjoy good transparency around fund products and regulations, the report adds.

However, high levels of tax on savings in funds, and weak competition in the sales chain reduce the overall ‘grade’ that the country achieves, the Fund Association adds.

ABOUT THE AUTHOR
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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