Growth in Swedish fund savings via investment savings accounts
The so-called ‘investeringssparkonto’, a type of savings account that provides a tax efficient wrapper to facilitate savings, is becoming an increasingly popular way for retail investors to access collective investments, according to the latest quarterly statistics published by the Swedish Investment Fund Association.
During the first half of the year, households bought funds through their ISK accounts to the tune of SEK24bn (€2.6bn), the Association’s figures suggest.
Some SEK12bn (€1.3bn) of additional household savings were noted in the figures going into the local equivalent of unit linked investments (fondförsäkring).
Investments into funds by companies hit SEK20bn (€2.2bn) over the period.