November inflows to investment funds in Sweden at SEK11.4bn

Jonathan Boyd
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November inflows to investment funds in Sweden at SEK11.4bn

Data published by the Swedish Investment Fund Association show that net inflows in November hit SEK11.4bn (€1bn), primarly driven by equity and balanced funds.

Investors put SEK9.5bn into equity funds on a net basis, with balanced funds attracting SEK4bn.

However, net withdrawals were seen from long term bond funds (SEK1bn) and shor term bond funds (SEK1.7bn).

This reversed a trend seen on a year-to-date basis, in which long term bond funds have attracted the majority of total net fund sales of SEK79bn - SEK49.1bn versus SEK24.3bn for equity funds. Some SEK22bn of the SEK49.1bn has gone to corporate bonds.

Gustav Sjöholm, savings economist at the Association, said: "In November, investors plumped for equities over rates. A continued positive stock exchagne combined with hopes for calmer geopolitics led active fund investors to invest largely in equity funds."

The Stockholm stock market rose by some 2%, including dividiedns, over the month. Of the equity fund inflows, the bulk went to global, Swedne and emerging market funds, while net withdrawals were seen in Nordic and Sweden & Global sector funds.

Total investment fund assets reported by the Association in Sweden increased by SEK70bn through November to end the month at SEK4.941trn (€472bn), which is the highest ever noted for the local fund industry. Some 60% of total assets are in equity funds. Since the start of 2019, assets have increased by SEK963bn (€92bn).

 

Jonathan Boyd
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Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.