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).