Fund flow data published by the Swedish Investment Fund Association (Fondbolagens förening) suggest that while total net inflows to investment funds hit SEK14.3bn through October, these predominantly went to fixed income funds, with equity funds experiencing net outflows.
Long term bond funds saw net inflows of SEK10.1bn, with short term bond funds attracting SEK2bn.
Balanced funds had inflows of SEK2.7bn, while hedge funds attracted SEK1bn.
But equity funds ended the month with net outflows of SEK1.5bn.
Total net inflows in the year to date hit SEK67.6bn, of which SEK50.1bn have gone to long term bond funds compared to SEK14.8bn to equity funds.
Gustav Sjöholm, savings economist at the Association, noted that there were some positive points for equity funds over the month, such as in global equities, which may be down to factors such as an apparent thaw in the trade relation between the world's two biggest economies, and with Brexit seeming to become a never ending extention.
October also saw positive movements in global stock markets. The Stockholm stock exchange gained 4%, however, net outflows were experienced by Sweden and Nordic sector equity funds, as well as most others apart from global and India funds.
In the fixed income space, corporate bond funds added some SEK5.3bn in net inflows, taking year-to-date inflows to some SEK20bn. Total long term bond fund inflows have hit just more than SEK50bn since the start of the year.
Total assets increased through October by some SEK81bn (€7.57bn), to a new record high of SEK4.870trn (€455bn).
Total assets have increased by SEK892bn (€83.3bn) since the start of the year. Some 60% of assets are in equity funds.