Fund investors acted cautiously also in November

[2018-12-11]

 

In November, investment funds recorded a total net outflow of SEK 5.4 billion. Equity 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 November to SEK 4 186 billion.

Investment funds recorded a total net outflow of SEK 5.4 billion in November. Equity funds had net withdrawals of SEK 6.9 billion, whereas short term fixed income funds had net deposits of SEK 3.7 billion. Also balanced funds saw a net inflow of SEK 0.8 billion. Long term fixed income funds and hedge funds recorded net outflows of SEK 1.9 and 1.2 billion during the month.

So far in 2018, total net sales of investment funds amounts to SEK 24.6 billion, of which SEK 24.4 billion have been invested in short term fixed income funds. 

In November, active fund investors sold equity funds and bought short term fixed income funds. It is the same trend as in October but to a much smaller extent, which can probably be explained by the fact that the relatively large stock market decline we saw in October slowed in November”, says Gustav Sjöholm, Financial Savings Economist at the Swedish Investment Fund Association.

In November, the development of world stock markets remained volatile and the value of the Stockholm Stock Exchange (including dividends) fell by 1.6 percent during the month. Equity funds recorded, in November, a total net outflow of SEK 6.9 billion and the largest withdrawals were made from Sweden funds and European funds.

So far in 2018, equity funds have recorded a total net outflow of SEK 22.1 billion. Sweden funds have had net withdrawals of almost SEK 27 billion, whereas global funds have recorded net inflows of nearly SEK 22 billion. It is also notable that index funds have recorded net inflows of SEK 24.7 billion so far this year.

Long term fixed income funds recorded in November a total net outflow of SEK 1.9 billion. Corporate bond funds had net withdrawals of SEK 3.2 billion. So far in 2018, total net sales of long term fixed income funds amounts to SEK 6.8 billion, despite a net outflow from corporate bond funds of SEK 1.4 billion.

The total fund assets in Sweden decreased by SEK 4 billion during November and amounted at the end of the month to SEK 4 186 billion. Of the total fund assets, SEK 2 429 billion (equivalent to 58 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, Cicero Fonder, Danske Invest, Didner & Gerge Fonder, DNB, East Capital, Eligo Asset Management, 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, 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.