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.