Outflows in February confirmed by Swedish fund data

Net outflows from investment funds in Sweden hit SEK7.2bn through February, led by heavy sales of equity funds, while investors instead bought bond funds, according to data published by the Swedish Investment Fund Association. Some SEK15.8bn exited equity funds, with SEK1.9bn being withdrawn from balanced funds. Fixed income attracted SEK6.7bn on a net basis, with short term fixed income funds attracting SEK3.4bn. Hedfe funds attracted SEK200m on a net basis through the month. Gustav Sjöholm, savings economist, said: "During the Coronavirus uncertainty in February, active fund inves...