The Swedish Investment Fund Association has reported some SEK13bn (€1.2bn) of net new inflows went to its members' funds through July, predominantly to equity funds, bond funds and balanced funds.
Equity funds took in SEK6.1bn, long term bond funds SEK3.5bn and balanced funds SEK2.6bn.
Total assets increased by some SEK106bn (€9.9bn) through the month to hit SEK4.727trn (€441.4bn) as the end of July.
Net inflows thus far in 2019 have been SEK40.9bn (€3.8bn), of which SEK28.3bn have gone to equity funds and SEK27.2bn to long term bond funds. Total assets have increased in by some SEK759bn (€70.8bn) since the start of the year.
Gustav Sjöholm, savings economist, noted that the July figures continued a trend seen through the year thus far of investing in equity and long term bond funds. He also noted that despite the stock market suffering "hiccups" during the summer from time to time, the long term investor can comfortably "remain in the hammock".
Equity funds still account for more than half the total assets in the industry, or some SEK2.83trn as of the end of July. Of this, global equity funds account for some SEK1.18trn, while index funds account for SEK502bn.