Fund investors acted a bit cautiously in September

[2018-10-10]

 

In September, investment funds recorded a total net outflow of SEK 3 billion. Equity funds, long term fixed income funds and hedge funds recorded net withdrawals, whereas short term fixed income funds and balanced funds had net deposits.

The total fund assets in Sweden decreased slightly during the month and amounted at the end of September to SEK 4 405 billion.

Investment funds recorded a total net outflow of SEK 3 billion in September. Equity funds had net withdrawals of SEK 2.7 billion and long term fixed income funds had a net outflow of 0.8 billion. Also hedge funds saw a net outflow of SEK 0.4 billion. Short term fixed income funds and balanced funds, on the other hand, recorded net deposits of SEK 0.4 and 0.3 billion during the month.

So far in 2018, total net sales of investment funds amounts to SEK 39 billion, of which SEK 14.9 billion have been invested in balanced funds.

“After a positive stock market trend during the summer, the equity market turned down during the beginning of September, which also reflected the fund savings. Fund investors primarily sold sector funds and funds investing in Asian markets, while they increased their savings in Sweden funds", says Gustav Sjöholm, Financial Savings Economist at the Swedish Investment Fund Association.

In September, equity funds recorded a total net outflow of SEK 2.7 billion. The largest withdrawals were made from sector funds and Asian funds, whereas Sweden funds recorded net deposits during the month.

So far in 2018, equity funds have recorded a total net inflow of SEK 6.2 billion. Sweden funds have had net withdrawals of almost SEK 16 billion, whereas global funds have recorded net inflows of nearly SEK 21 billion. It is also notable that index funds have recorded net inflows of SEK 25 billion so far this year.

Long term fixed income funds recorded in September a total net outflow of SEK 0.8 billion. However, net deposits of SEK 0.4 billion were made in corporate bond funds. So far in 2018, total net sales of long term fixed income funds amounts to SEK 10.1 billion, of which SEK 1.1 billion constitutes net deposits in corporate bond funds. 

The total fund assets in Sweden decreased slightly in September and amounted at the end of the month to SEK 4 405 billion. Of the total fund assets, SEK 2 619 billion (equivalent to 59 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 Pettersson, Chief Analyst, the Swedish Investment Fund Association
+46 (0)8 506 988 03 / +46 (0)733-12 55 77, fredrik.pettersson@fondbolagen.se

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, Spiltan Fonder, SPP Fonder, Strand Kapitalförvaltning, 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.