SEK 4 billion into investment funds in April

[2018-05-11]

In April, investment funds recorded a total net inflow of SEK 4.2 billion. Net deposits were primarily made in balanced funds and bond funds, whereas equity funds and money market funds recorded net withdrawals. The total fund assets in Sweden increased during the month by SEK 158 billion and amounted at the end of April to a new record-high level, SEK
4 196 billion.

Investment funds recorded a total net inflow of SEK 4.2 billion in April. Balanced funds had net deposits of SEK 2.8 billion and bond funds had net deposits of SEK 1.2 billion. Also hedge funds saw a net inflow of SEK 1 billion. Equity funds and money market funds, on the other hand, recorded net outflows of SEK 0.4 billion each during the month.

So far in 2018, total net sales of investment funds amounts to SEK 12.4 billion, of which SEK 6.8 billion have been invested in balanced funds. 

"In April fund investors continued to prioritize lower risk by investing primarily in balanced funds and bond funds. Equity funds recorded for the third month in a row a net outflow. The total fund assets in Sweden nevertheless recorded a new record of
SEK 4 196 billion"
, says Gustav Sjöholm, Financial Savings Economist at the Swedish Investment Fund Association.

In April, many of the world's stock markets had positive returns and the value of the Stockholm Stock exchange (including dividends) rose by over 4 percent. Equity funds recorded, despite this, a total net outflow of SEK 0.4 billion during the month. The largest withdrawals were made from Sweden funds and European funds, whereas global funds and Nordic funds recorded net inflows.

So far in 2018, equity funds have recorded a total net outflow of SEK 1.1 billion. Sweden funds have had net withdrawals of SEK 11.8 billion, whereas global funds have recorded net inflows of SEK 11.2 billion. It is also notable that index funds have recorded net inflows of over SEK 11 billion so far this year.

Bond funds recorded a total net inflow of SEK 1.2 billion in April, of which SEK 0.3 billion constituted net deposits in corporate bond funds. So far in 2018, total net sales of bond funds amounts to SEK 2.3 billion.

The total fund assets in Sweden increased in April by SEK 158 billion and amounted at the end of the month to a record-high SEK 4 196 billion. Of the total fund assets, SEK 2 491 billion (equivalent to 59 percent) was invested in equity funds.

For further comments please contact:

Gustav Sjöholm, the Swedish Investment Fund Association
+46 (0)8 506 988 07 / +46 (0)70-540 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

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.