Large inflows into funds in July

[2018-08-14]

In July, investment funds recorded a total net inflow of SEK 15 billion. All fund types recorded net inflows. The total fund assets in Sweden increased during the month by SEK 63 billion and amounted at the end of July to SEK 4 301 billion.

Investment funds recorded a total net inflow of SEK 15 billion in July. Long term fixed income funds and short term fixed income funds recorded the largest inflows, SEK 4.6 billion and SEK 4.0 billion respectively. Equity funds saw net inflows of SEK 3.6 billion and balanced funds had a net inflow of SEK 2.2 billion.

So far in 2018, total net sales of investment funds amounts to SEK 36 billion, of which SEK 12 billion have been invested in balanced funds.

“Swede’s net savings into funds were higher than normal in July. Geopolitical unrest and question marks about the stock market development later this year increased the trend of previous months towards lower risk, more than half of the total net sales went to fixed income funds", says Gustav Sjöholm, Financial Savings Economist at the Swedish Investment Fund Association.

In July, the development of the world’s stock markets was positive and the value of the Stockholm Stock Exchange (including dividends) increased with 4.1 per cent during the month. Equity funds recorded a net inflow of SEK 3.6 billion in July. The largest inflows were made into global funds, sector funds and North America funds, whereas emerging markets funds and Asia funds recorded net outflows during the month.

So far in 2018, equity funds have recorded a total net inflow of SEK 5.6 billion. Sweden funds have had net withdrawals of SEK 16 billion, whereas global funds have recorded net inflows of SEK 19 billion. It is also notable that index funds have recorded net inflows of over SEK 18 billion so far this year.

Long term fixed income funds recorded in July a net inflow of SEK 4.6 billion, of which SEK 0.1 billion was invested in corporate bond funds. So far in 2018, total net sales of long term fixed income funds amounts to SEK 8.4 billion, of which SEK 0.8 billion constitutes net deposits in corporate bond funds.

The total fund assets in Sweden increased in July by SEK 63 billion and amounted at the end of the month to a record-high SEK 4 301 billion. Of the total fund assets, SEK 2 563 billion (equivalent to 60 percent) was invested in equity funds.

For further comments please contact:

Gustav Sjöholm, the Swedish Investment Fund Association
+46 (0)76-540 05 07
gustav.sjoholm@fondbolagen.se

For information about the statistics:

Fredrik Hård, the Swedish Investment Fund Association
+46 (0)8-506 988 08, fredrik.hard@fondbolagen.se

Net sales of investment funds in 2018, SEK billion


Members of the Swedish Investment Fund Association:

Aktie-Ansvar, Alfred Berg Fonder, AMF Fonder, Avanza Fonder, Aviva Investors, BMO Global Asset Management, Carnegie Fonder, Catella Fonder, Danske Invest, Didner & Gerge Fonder, DNB, East Capital, Enter Fonder, FCG Fonder, Fidelity International, FIM Fonder, First State Investments, Franklin Templeton Investments, Granit Fonder, Handelsbanken Fonder, Healthinvest Partners, Holberg Fonder, HSBC Global Asset Management, ISEC Services, J.P. Morgan Asset Management, Lannebo Fonder, Länsförsäkringar Fondförvaltning, Monyx, Movestic Kapitalförvaltning, Naventi Fonder, Navigera, Norama, Nordea Fonder, Odin Fonder, SEB Investment Management, Simplicity, Skagen Fonder, Skandia Fonder, Solidar Fonder, SPP Fonder, Swedbank Robur Fonder, Söderberg & Partners Asset Management, Tundra Fonder, Xact Kapitalförvaltning, Ålandsbanken Fondbolag, Öhman Fonder.

Associate members

Advokatfirman Evander, Apriori Advokatbyrå, Bloomberg LP, Citi, Deloitte, EY, Gernandt & Danielsson Advokatbyrå, Harvest Advokatbyrå, KPMG, MFEX, Morningstar, PwC, SEB Fund Services, Wesslau Söderqvist Advokatbyrå.