Swedish funds experience net outflow in November

Figures published by the Swedish Investment Fund Association (Fondbolagens förening) show that net redemptions in November hit SEK3.4bn (€376m)across all the funds offered by its members.

However, the overall figure hides some bigger differences between asset classes. While equity funds suffered net redemptions of SEK9bn, mixed funds gained net investments worth SEK7.6bn over the month.

Money market and bond funds both expereienced net redemptions of SEK0.7bn and SEK0.4bn respectively.

The total value of assets under mangement by the Association’s members hit SEK1,782bn (€197bn) at the end of November. Year to date net redemptions were SEK7.7bn. This is mostly the result of investors pulling money out of equity funds, while most other types have seen increased investment.


Net investments, SEKbn NovemberTotal 2011 Jan-Nov
 Equity funds-9-69.2
 Mixed funds7.620.1
 Bond funds-0.44.8
 Money Market funds-0.734.8
 Hedge funds-0.61.6
 Total -3.4-7.7


Total assets SEKbn 30 Nov 2011
 Equity funds927
 Mixed funds380
 Bond funds197
 Money Market funds232
 Hedge funds39
 Total 1,782

 Source: Swedish Investment Fund Association



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