Swedish funds experience net outflow in November
Figures published by the Swedish Investment Fund Association (Fondbolagens förening) show that net redemptions in November hit SEK3.4bn (€376m)across all the funds offered by its members.
Figures published by the Swedish Investment Fund Association (Fondbolagens förening) show that net redemptions in November hit SEK3.4bn (€376m)across all the funds offered by its members.
However, the overall figure hides some bigger differences between asset classes. While equity funds suffered net redemptions of SEK9bn, mixed funds gained net investments worth SEK7.6bn over the month.
Money market and bond funds both expereienced net redemptions of SEK0.7bn and SEK0.4bn respectively.
The total value of assets under mangement by the Association’s members hit SEK1,782bn (€197bn) at the end of November. Year to date net redemptions were SEK7.7bn. This is mostly the result of investors pulling money out of equity funds, while most other types have seen increased investment.
| Net investments, SEKbn | November | Total 2011 Jan-Nov |
| Equity funds | -9 | -69.2 |
| Mixed funds | 7.6 | 20.1 |
| Bond funds | -0.4 | 4.8 |
| Money Market funds | -0.7 | 34.8 |
| Hedge funds | -0.6 | 1.6 |
| Other | -0.3 | 0.2 |
| Total | -3.4 | -7.7 |
| Total assets SEKbn | 30 Nov 2011 |
| Equity funds | 927 |
| Mixed funds | 380 |
| Bond funds | 197 |
| Money Market funds | 232 |
| Hedge funds | 39 |
| Other | 6 |
| Total | 1,782 |
Source: Swedish Investment Fund Association
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