Wrappers attract fund savers through Q3 in Sweden

Data from the Swedish Investment Fund Association point to net sales increasing via wrappers such as the investment savings account (investeringssparkonto, ISK) and unit linked solutions through the third quarter this year, even as the industry experienced net withdrawals from direct fund investments by Swedish households.

Out of a total net investment of SEK1.7bn (€180.9m) by households during the period, the data show that some SEK4.8bn were invested on a net basis via ISK, and some SEK2.9bn via unit linked investments. By category, balanced funds drew the largest share of money, the Association said.

However, at the same time, households took out some SEK10bn (€1.1bn) from their direct savings, mainly by selling shares in equity funds.

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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