Swedish investor appetite for equity investing remained strong through September, according to net flow figures published by the Swedish Investment Fund Association (Fondbolagens förening).
Net inflows across all categories hit SEK1.9bn, but for equity funds the net inflow was SEK7.7bn (€797m) through the month.
Balanced funds saw inflows of SEK2.3bn, but money market (SEK-4.5bn), bond (SEK-1.6bn) and hedge funds (SEK-2.1bn) all saw net outflows.
Total fund assets increased by SEK17bn to end the month at SEK3.412trn (€353.3bn).
The Association described the flows ijnto equity funds through the month as “remarkable”. A third of the net inflows went to Sweden equity funds – during a month when the Swedish stock market rose some 2%.
Index funds accounted for about a third of the total net inflow to equity funds through the month.
Source: Fondbolagens förening