Swedish investment savings accounts take top share of fund sales
Sweden’s so called Investeringssparkonto, a tax efficient savings wrapper regime, has accounted for the biggest share of household total savings into funds over the past year, data from the Swedish Investment Fund Association suggests.
Net savings into funds via ISK accounts hit SEK51bn (€538m) in 2014, which was the single biggest share along side other savings methods such as investing in funds via the Premium Pension system or unit linked investments.
A breakdown of that SEK51bn figure for net investments, show that equity funds accounted for some SEK13.95 bn, balanced funds about SEK27.27bn, and bond funds SEK9.67bn.
Total net savings in investment funds, by year (SEK bn):
Total industry AUM (SEK bn)
(Source: Swedish Investment Fund Association)