Fund investors chose balanced funds in March

[2017-04-10] In March, investment funds recorded a total net outflow of SEK 1.9 billion. Equity funds had net withdrawals of SEK 6.8 billion, whereas balanced funds showed net inflows of SEK 4.6 billion. The total fund assets in Sweden increased during March by SEK 22 billion and amounted at the end of the month to a new record-high level, SEK 3 738 billion.

Pleas note, the figures have been revised, see here.

Investment funds recorded a total net outflow of SEK 1.9 billion in March. Equity funds recorded net withdrawals of SEK 6.8 billion and bond funds had a net outflow of 0.8 billion. Balanced funds and money market funds, on the other hand, recorded net deposits of SEK 4.6 and 1.4 billion respectively in March.

So far in 2017, total net sales of investment funds amounts to SEK 18.2 billion, of which 10.2 billion have been invested in equity funds.

"After a beginning of 2017 with large deposits in equity funds, fund investors was acting a little more hesitant in March. However, despite withdrawals during the past month, net deposits in equity funds amounts to over SEK 10 billion so far this year”, says Fredrik Pettersson, Chief Analyst of the Swedish Investment Fund Association.  

In March, the global stock market development was positive and the value of the Stockholm Stock exchange (including dividends) rose by 2 percent. Equity funds had a total net outflow of SEK 6.8 billion during the month and the largest withdrawals were made from Sweden funds and Russia funds. Notably, index funds had net inflows of SEK 7.8 billion in March.

Bond funds recorded a total net outflow of SEK 0.8 billion in March, of which SEK 0.2 billion constituted net withdrawals from corporate bond funds.

The total fund assets in Sweden increased in March by SEK 22 billion and amounted at the end of the month to a record-high SEK 3 738 billion. Of the total fund assets, SEK 2 167 billion (equivalent to 58 percent) was invested in equity funds.

 

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 2016, 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 Asset Management, 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, 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, Denovo Advokatbyrå, EY, Gernandt & Danielsson Advokatbyrå, KPMG, MFEX, Morningstar, PwC, SEB Fund Services, Wesslau Söderqvist Advokatbyrå.

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