Swedish industry outflows continue through September

Investment funds represented by the Swedish Investment Fund Association reported net outflows of SEK5.2bn (€560m) from the industry through September.

Most of the withdrawals came from equity funds, with money market and balanced funds recording net deposits.

Total fund assets decreased by some SEK110bn (€11.8bn) through the month, taking total assets so SEK3.074bn (€331.2bn).

The Association pointed to “continued turmoil in the financial markets” as a cause of the flows.

The local stock market in Stockholm saw its value decrease by 4.5% over the month, including dividends.

 

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 16 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.

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