Swedish net fund flows hit SEK5.8bn in March

Data published by the Swedish Investment Fund Association (Fondbolagens förening) suggest that the market saw SEK5.8bn (€625m) in net inflows through March, led by deposits in balanced and fixed income funds.

Total fund assets increased by some SEK50bn through the month, to SEK3.148trn (€339bn).

Net fund inflows to balanced  funds were SEK2.5bn, while money market funds saw inflows of SEK2.4bn, and bond funds inflows of SEK1.5bn. The net flow for equity funds was around nil, as withdrawals and deposits were roughly equal. However, hedge funds saw net outflows of SEK0.6bn.

Overall through 2016 to date, investment funds have recorded net outflows of SEK5.3bn (€571m), the Association’s data shows, although net outflows from equity funds have been higher at SEK19.2bn (€2.1bn).

Data also points to variations in net sales of equity funds; the Nordic, Sweden & Global, and Europe categories of equity funds saw a continuation of outflows seen in the first two months of the year.

In fixed income, the positive net inflows to corporate bond funds countered net outflows seen earlier in the year.

Fredrik Pettersson, chief analyst at the Swedish Investment Fund Association, said: “Deposits into investment funds in March went, as in 2015, mainly to balanced funds. Net inflows into money market funds can be partly explained by the fact that institutions transfered capital from savings accounts.”


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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