Data from the Swedish Investment Fund Association points to total industry AUM hitting SEK3.716trn (€388.5bn) by the end of February – another industry high as some SEK13.1bn (€1.36bn) in net sales took place against a backdrop of rising asset prices.
Assets increased by SEK137bn (€14.3bn) through the month, made up of both net sales and market gains, as the Stockholm Stock Exchange rose by some 3% over the month, including dividends. Swedish investors turned towards the asset class, with equity fund net sales up at SEK9.1bn; Sweden and global equity funds attracted the money, while outflows were noted in North America and Russia funds.
Bond funds were not totally ignored, with net sales of SEK2.9bn through the month, of which SEK2bn went into corporate bond funds.
Outflows were seen in the money market category, SEK-0.5bn, and from hedge funds SEK-0.3bn.
Equity fund assets totalled SEK2.15trn (€224bn) at month’s end, with fixed income funds at SEK364bn (€38bn)