Third of Swedish fund sales to households go via investment savings accounts

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Data published by the Swedish Investment Fund Association suggest a third of net fund sales through the third quarter went through the tax efficient investeringssparkonto (ISK) the investment savings account structure lunched under the previous government – some SEK11bn of total net savings of SEK33bn.

Direct investments in funds by households over the period were about SEK1.6bn, while unit linked net sales were about SEK2.4bn, while the Premium Pension saw net withdrawals of some SEK2bn.

Swedish companies saved some SEK10bn in funds on a net basis through the quarter, the data suggests.

The investment savings account, which was introduced in 2012, has taken a 4% market share, as counted by its share of total fund wealth in the country. Both unit linked (fondförsäkring) and Premium Pension sales mean that as of the end of September they accounted for some 25% of the market each.

The total assets of funds counted by the Association hit SEK2,739bn (€231.5bn) as at the end of September.

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 17 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. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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