Swedish funds see SEK1.4bn net flows in August
Data from the Swedish Investment Fund Association point to outflows from equity funds in August, yet overall net inflows across all fund types hit SEk1.4bn (€162m) through the month.
Balanced and money market funds saw net deposits of SEK1.7bn and SEK1.3bn respectively through the period, helping take total fund assets to SEK2.279trn by the end of August.
Equity funds saw net withdrawals of SEK1.8bn.
Net sales through 2013 so far total SEk57.3bn (€6.6bn). Net inflows to equity funds have hit SEK17bn since the start of the year, particularly going to Global, North America and Sweden funds.
Pia Nilsson (pictured), managing director of the Association said that while there was interest in European funds following further signs of economic improvements, for emerging markets the situation is less certain.
But, she added that investors needed to retain long term perspective too in regards to emerging markets.
Sweden’s own stock market was relatively weak through August, with the Stockholm exchange falling about 1% through the month – including dividends.