12 February 2020
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Net flows to investment funds surged through January to top SEK18bn (€1.71bn) across all categories, with equities fund inflows alone hitting SEK19bn (€1.81bn), according to data published by the Swedish Investment Fund Association (Fondbolagens förening)
Balanced funds saw net inflows of SEK2.4bn, however net outflows from long and short term fixed income funds and hedge funds respectively hit SEK-1.4bn, SEK-0.6bn, and SEK-1.3bn.
Gustav Sjöholm, savings economist at Sifa, said: "Investors kick-started the new decade by making big purchases of equity funds. Virus uncertainty from China did not infect Swedish fund investors, who bought Sweden funds as well as global and sector funds."
The Stockholm stock market gained just 1% through the month, including dividends, yet net inflows to Sweden equity funds hit SEK3.4bn (€324m). Global equity funds attracted SEK6.7bn, and North America funds attracted SEK1.65bn.
The monthly net inflows hit historicaly highs. Looking back, Sifa says, only months with annual PPM investment sums have seen higher net inflows.
Total assets across investment funds in Sweden increased by SEK104bn (€9.91bn), ending the month at SEK5.159trn (€492bn), of which 61% was invested in equity funds.
