Net inflows to the Swedish investment funds market hit SEK4.3bn (€420m) in November, as bond and balanced funds attracted more money than the size of withdrawals from money market and equity funds, according to figures published by the Swedish Investment Fund Association (Fondbolagens förening)
Bond funds saw net inflows of SEK3.5bn, with a further SEK2.9bn to balanced funds.
Money market funds saw outflows of SEK2.1bn, with equity funds experiencing a marginal net outflow of 0.9bn (€90m).
As is often the case, the trends in equity flows were influenced by the performance of the Stockholm Stock Exchange. The value of the market, including dividends, fell by 3.5% through the month, and the largest withdrawals were experienced by Sweden equity funds.
The latest monthly net inflows, together with market movements took total fund assets in Sweden up another SEK3bn to t total of SEK3,993bn (€399.4bn).
Total net sales of investment funds in 2017 so far have hit SEK79.2bn (€7.92bn). Equity funds have seen net outflows totalling SEK34.4bn, but balanced funds (SEK18.1bn) and bond funds (SEK25.7bn) have seen net inflows.