Swedish net inflows high through January

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Net inflows to funds through January hit SEK14.6bn, helping total AUM of funds through the SEK3trn (€318bn) level for the first time, according to data published by the Swedish Investment Fund Association.

Total assets increased SEK135bn (€14.3bn) to hit SEK3.136bn by the end of the month.

Net inflows were dominated by balanced and equity funds, with smaller net inflows to bond and hedge funds. Money market funds saw net outflows of SEK2.1bn (€222m) through the month.

Pia Nilsson, CEO of the Association, said: “Net deposits in investment funds in January were primarily invested in balanced funds and certain types of equity funds, which were types of funds that were also popular in 2014. As for balanced funds, we interpret the inflows as a great interest in risk diversification. The types of equity funds that remained popular in January were Global, North America, India and sector funds. Global and North America funds have benefited from a stronger dollar. India funds had a very high return last year, as were the case for certain sector funds such as biotechnology and pharmaceutical funds.”


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