Swedish investment fund industry AUM jumps 27% in 2019

Investors in Sweden added a net SEK127bn (€12bn) to their funds thruogh 2019, as market movements helped take total industry assets above SEK5trn (€473bn) for the first time, equivalent to a rise of about 27%, reports the Swedish Investment Fund Association (Fondbolagens förening). The performance of stock markets was key to the gains, while long bond and equity funds respectively attracted most of the net new flows, of SEK60bn and SEK55bn respectively. Balanced and short term bond funds also attracted net inflows, while hedge funds experienced net outflows across the full year. At ...