Large net inflows into fixed income funds after stock market turbulence in April
[2012-05-10] In April, total net sales of investment funds amounted to SEK 5.2 billion. Fixed income funds recorded large net inflows whereas net withdrawals were made from equity funds. The total fund assets at the end of the month amounted to SEK 1 957 billion.
Total net sales of funds amounted to SEK 5.2 billion in April. As a result of the stock market turbulence during the month, large net deposits were made in fixed income funds. Money market funds had net inflows of 5.1 billion and bond funds recorded a net inflow of 2.6 billion. Also balanced funds had a net inflow of SEK 0.7 billion. Equity funds and hedge funds, on the other hand, recorded net outflows of SEK 3 and 0.2 billion in April.
So far in 2012, total net sales of funds amounts to SEK 12 billion and equity funds have recorded a total net inflow of 24 billion.
In April, the stock market was characterized by great uncertainty and high volatility. The value of the Stockholm Stock Exchange, including dividends, was nevertheless unchanged seen over the whole month.
After three consecutive months with net deposits, equity funds recorded a net outflow of SEK 3 billion in April. The largest withdrawals were made from Sweden funds and funds investing in emerging markets. On the other hand, equity funds with a broader investment universe, such as European funds, North American Funds and Global Funds recorded net inflows also in April.
Also worth noting is that more than half of the total net inflow into equity funds so far this year have been invested in index funds (SEK 12.9 billion).
At the end of April, the total fund assets amounted to SEK 1 957 billion, of which 1 065 billion (equivalent to 54 percent) was invested in equity funds.
For further comments please contact:
Fredrik Hård, Fondbolagens förening
08-506 988 08
Fredrik Pettersson, Chief analyst
08-506 988 03 / 0733-12 55 77
Net sales of funds in 2012, SEK billion
Members of the Swedish Investment Fund Association:
Aktie-Ansvar, Alfred Berg Fonder, AMF Fonder, Avanza Fonder, Aviva Investors, Capinordic Asset Management, Carnegie Fonder, Catella Fonder, Danske Invest, Didner & Gerge Fonder, DNB Fonder, East Capital Asset Management, Enter Fonder, Evli Fonder, Fidelity Worldwide Investment, FIM Fonder, First State Investments, Folksam LO Fond, Franklin Templeton Investments, Handelsbanken Fonder, Holberg Fondene, JP Morgan Asset Management, Lannebo Fonder, Länsförsäkringar Fondförvaltning, Movestic Kapitalförvaltning, Naventi Kapitalförvaltning, Nordea Fonder, Nordea Investment Funds, Odin Fonder, SEB Fonder, Simplicity, Skagen Fonder, Skandia Fonder, Solidar SICAV, SPP Fonder, Swedbank Robur Fonder, Svenska Lärarfonder, Ålandsbanken Fonder, Öhman Fonder.
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