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.”


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