Swedish fund AUM hits another record in May

Figures published by the Swedish Investment Fund Association show that the industry hit another record high AUM of SEK2.289trn (€261.5bn), as net sales for the month hit SEK9.1bn (€1.01bn).

The month also saw another record reported: net sales of SEK46bn, including SEK21.5bn for equity funds in the first five months of the year. This has never happened previously, said Pia Nilsson, managing director of the Association (pictured).

“In May, interest was greatest for balanced funds, which indicates that many seek the extra risk diversification that these funds provide. So far in 2013, fund investors have been cautious with savings in emerging markets,” she added.

In line with previous trends spotted by the Association, as the local stock market went up during the month, investors were more comfortable buying funds.

The Stockholm Stock Exchange rose by 2% through the month, as equity funds recorded net inflows of SEK1.2bn, including sales of Sweden funds. North America was the region most in demand, according to net sales figures, along with global equities. However, investors made net withdrawals from emerging markets, including Eastern Europe.

Net sales SEKbn    
  May Total Jan-May
Equity funds 1.2 21.5
Balanced funds 6.2 26.7
Bond funds 0.7 -11.4
Money Market funds 0.7 9.9
Hedge funds 0.4 -0.5
Other funds 0 -0.1
Total 9.1 46.3
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