SEK5.3bn into Swedish funds in May

Net inflows to funds in Sweden hit SEK5.3bn (€497m) in May, particularly into fixed income and equity funds, although balanced funds saw net redemptions, according to the figures published by the Swedish Investment Fund Association (Fondbolagens förening). The Association notes that a lot of the shifting of assets between categories of funds is down to allocations made within the premium pension (PPM) system as well as institutional reallocations. May sees the annual distribution of rebates in the PPM system; net inflows to PPM hit SEK6bn (€563m) through the month. Long term bond fund...