Swedish investors opt for bond funds in August

Latest figures from the Swedish Investment Fund Association (Fondbolagens förening) show bond funds saw net inflows, while money market funds saw outflows through August.

Including the Premium Pension (PPM) system investments there was an overall net outflow of SEK-0.8bn over the month, although excluding this impact saw funds attract a postive net SEK2bn.

Pia Nilson, CEO, said that investors were keen on corporate bond funds, which a growing number of fund companies were offering to the market.

The Association added that the latest monthly figures may be subject to future revisions because of the impact of the spread of fund of fund solutions in the country’s PPM market. These have gained popularity following the introduction of rules intended to stop mass switching (see http://www.investmenteurope.net/investment-europe/news/2068545/change-law-funds-switching-swedish-pension ).

The Association said the growing use of fund of fund products in PPM savings would most affect statistics on balanced funds.

The total value of assets under management represented by the latest statistics as of the end of August is SEK1.922trn (€226.6bn), with equity funds accounting for about SEK1trn of this total.

 

Net fund investments (SEKbn)    
  August Total Jan-Aug 2012
Equity -0.6 4.5
Balanced -0.8 4.5
Bond 2.5 13.5
Money market -1.2 -4.9
Hedge -0.7 -4.4
Other 0 -0.1
Total -0.8 13
Ex PPM 2  
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