New records set for fund savings in 2017

[2018-01-18]

In 2017, a net total of SEK 112 billion was saved in investment funds. Together with an increase in value of nearly SEK 340 billion, this means that total net assets  at the end of 2017 increased to the new all-time high level of SEK 4 018 billion.

The largest portion of new savings during the year went to equity funds, with net deposits of over SEK 47 billion. Also bond funds and balanced funds had net inflows, whereas money market funds recorded net withdrawals during 2017.

This is some of what is stated in the Swedish Investment Fund Association's annual report of fund savings in Sweden.

“2017 constitutes yet another strong year for investment funds. Total fund assets in Sweden increased by over SEK 450 billion and exceeded, at the end of the year, for the first time ever SEK 4 000 billion. The increase in assets consisted to about one quarter of new savings and to three quarters of value increase", says Johanna Kull, Financial Savings Economist at the Swedish Investment Fund Association.

2017 in brief:

  • 2017 became a very strong year for investment funds. Total net savings amounted to SEK 112 billion in 2017, which corresponds to the third highest net inflow in a single year since the statistics began to be compiled in 1994. Net deposits were made primarily in equity funds, followed by bond funds and balanced funds.
     
  • During 2017, total fund assets under management in Sweden increased with over SEK 450 billion to SEK 4 018 billion, which represents the highest AuM-figure ever recorded.
     
  • Most equity markets showed increases in value. On average, equity funds (calculated in SEK) increased by 14 percent in value. Sweden funds recorded an average increase in value of 10 percent and global funds increased in value by an average of 12 percent. Highest returns in 2017 were shown in Asia funds with China- and India funds in particular. Also sector funds with a focus on new technology performed very strongly in 2017.
     
  • Equity funds recorded a total net inflow of SEK 47.3 billion in 2017. By far the largest deposits were made in global funds, with net inflows of SEK 46.5 billion. Also European funds, Asia funds and Sweden funds recorded net inflows, whereas net withdrawals were made from North America funds and Russia funds in 2017.
     
  • Savers interest in index funds remained very strong. Almost 80 percent (SEK 37.4 billion) of the total net inflow into equity funds in 2017 went to index funds. At the end of the year, index funds accounted for nearly 16 percent of overall equity fund assets.
     
  • Balanced funds had continued net deposits throughout 2017, and recorded a total net inflow of SEK 28.8 billion.
     
  • Bond funds also recorded large net deposits. The total net inflow in 2017 amounted to SEK 34.3 billion, of which SEK 16 billion went to corporate bond funds.
     
  • Money market funds, on the other hand, had a net outflow over the full year of SEK 3.2 billion.
     

For the full report, see: http://fondbolagen.se/en/Statistics/New-saving-in-funds/

For further comments please contact:

Johanna Kull, the Swedish Investment Fund Association
+46 (0)8 506 988 07 / +46 (0)704 52 48 34
johanna.kull@fondbolagen.se