Fund investors acted a bit cautiously in August

[2017-09-11] In August, investment funds recorded a total net outflow of SEK 3.4 billion. Net withdrawals were primarily made from equity funds whereas bond funds, primarily corporate bond funds, had net deposits. The total fund assets in Sweden decreased during the month with SEK 29 billion and amounted at the end of August to SEK 3 752 billion.

Investment funds recorded a total net outflow of SEK 3.4 billion in August. Equity funds had net outflows of SEK 3.3 billion and money market funds had a net outflow of 0.3 billion. Bond funds, on the other hand, recorded net deposits of SEK 0.5 billion during the month. In particular, fund investors chose corporate bond funds.

So far in 2017, total net sales of investment funds amounts to SEK 63.2 billion. Equity funds have recorded a total net inflow of SEK 20.2 billion and net sales in balanced funds and bond funds amounts to SEK 19.2 and 16.7 billion respectively.

"After large inflows into equity funds during the first half of 2017, active fund investors took down the risk during the summer. Equity funds saw net outflows for the third month in a row. The investors instead continued to buy corporate bond funds, where the year-to-date inflows are at a record high level", says Johanna Kull, Financial Savings Economist at the Swedish Investment Fund Association.

In August, the value of the Stockholm Stock exchange (including dividends) fell by around 1 percent and equity funds recorded a total net outflow of SEK 3.3 billion during the month. The largest withdrawals were made from Sweden funds and North America funds, whereas global funds and emerging market funds (other markets) recorded net inflows.

So far in 2017, equity funds have recorded a total net inflow of SEK 20.2 billion. Global funds have had net inflows of SEK 23.6 billion. Also European funds and Sweden funds have recorded net deposits of SEK 8.9 and 3.3 billion. On the other hand, large net withdrawals have been made from North America funds and Russia funds so far during the year. It is also notable that index funds have recorded net inflows of SEK 25.7 billion so far this year.

Bond funds recorded, in August, a total net inflow of SEK 0.5 billion. Large deposits were made in corporate bond funds, showing a net inflow of 1.4 billion during the month. So far in 2017, SEK 16.7 billion has been invested in bond funds, and of which 12.5 billion have been allocated to corporate bond funds.

The total fund assets in Sweden decreased in August with SEK 29 billion and amounted at the end of the month to SEK 3 752 billion, of which 2 159 billion (equivalent to 58 per cent) were invested in equity funds. Since year-end 2016, the total fund assets in Sweden have increased by SEK 184 billion.

 

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 

For information about the statistics:

Fredrik Pettersson, the Swedish Investment Fund Association
+46 (0)8 506 988 03, fredrik.pettersson@fondbolagen.se

Fredrik Hård, Fondbolagens förening
+46 (0)8-506 988 08, fredrik.hard@fondbolagen.se 

 

Net sales of investment funds in 2017, SEK billion

>>To the statistics 

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Quotes

After large inflows into equity funds during the first half of 2017, active fund investors took down the risk during the summer. Equity funds saw net outflows for the third month in a row. The investors instead continued to buy corporate bond funds, where the year-to-date inflows are at a record high level.
Johanna Kull, Financial Savings Economist at the Swedish Investment Fund Association