Fund investors acted a bit cautiously in February

In February, investment funds recorded a total net outflow of SEK 1.2 billion. Net withdrawals were made from equity funds, whereas the other fund categories had net deposits. The total fund assets in Sweden increased during the month by SEK 23 billion and amounted at the end of February to a new record-high level, SEK 4 098 billion.

Investment funds recorded a total net outflow of SEK 1.2 billion in February. Equity funds had net outflows of SEK 8.2 billion. Money market funds and bond funds, on the other hand, recorded net deposits of SEK 2.6 and 1.1 billion respectively. Also hedge funds and balanced funds had net inflows of SEK 2.7 and 0.6 billion during the month.

So far in 2018, total net sales of investment funds amounts to SEK 7.6 billion. Equity funds have, despite the outflow in February, recorded a net inflow of SEK 3.7 billion.

"February was characterized by major fluctuations in stock markets, which was also reflected in fund savings during the month. The active fund investors chose to sell equity funds and invested instead in funds with lower risk", says Fredrik Pettersson, Chief Analyst of the Swedish Investment Fund Association.

In February, many of the world's stock markets were shaky and the value of the Stockholm Stock exchange (including dividends) fell by around 1 percent. Equity funds recorded a total net outflow of SEK 8.2 billion during the month. The largest withdrawals were made from Sweden funds, whereas global funds and North America funds recorded net inflows.

So far in 2018, equity funds have recorded a total net inflow of SEK 3.7 billion. Global funds have had net inflows of SEK 6.4 billion. It is also notable that index funds have recorded net inflows of almost SEK 6 billion so far this year.

Bond funds recorded, despite withdrawals from corporate bond funds, a total net inflow of SEK 1.1 billion in February.

The total fund assets in Sweden increased in February by SEK 23 billion and amounted at the end of the month to a record-high SEK 4 098 billion. Of the total fund assets, SEK 2 424 billion (equivalent to 59 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

 

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.

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Quotes

February was characterized by major fluctuations in stock markets, which was also reflected in fund savings during the month. The active fund investors chose to sell equity funds and invested instead in funds with lower risk
Fredrik Pettersson, Chief Analyst of the Swedish Investment Fund Association.