Fund investors acted cautiously also in March
In March, investment funds recorded a total net inflow of SEK 0.6 billion. Net withdrawals were made from equity funds, whereas the other fund categories had net deposits. The total fund assets in Sweden decreased during the month by almost SEK 60 billion and amounted at the end of March to SEK 4 038 billion.
Investment funds recorded a total net inflow of SEK 0.6 billion in March. Equity funds had net outflows of SEK 4.4 billion. Money market funds and bond funds, on the other hand, recorded net deposits of SEK 1.5 and 1.4 billion respectively. Also balanced funds and hedge funds had net inflows of SEK 1.4 and 0.6 billion during the month.
So far in 2018, total net sales of investment funds amounts to SEK 8.2 billion. SEK 4 billion have been invested in balanced funds.
"Fund investors prioritized lower risk during March and chose primarily fixed income funds and balanced funds in their new sawing", says Fredrik Pettersson, Chief Analyst of the Swedish Investment Fund Association. "As in February, active investors sold equity funds, although to a lesser extent during March".
In March, 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 4.4 billion during the month. The largest withdrawals were made from Sweden funds and European funds, whereas global funds and North America funds recorded net inflows.
So far in 2018, equity funds have recorded a total net outflow of SEK 0.7 billion. Sweden funds have had net withdrawals of SEK 9.4 billion, whereas global funds have recorded net inflows of SEK 8.3 billion. It is also notable that index funds have recorded net inflows of almost SEK 7 billion so far this year.
Bond funds recorded a total net inflow of SEK 1.4 billion in March, of which SEK 0.4 billion constituted net deposits in corporate bond funds.
During the first quarter of 2018, net sales of bond funds amounts to SEK 1.1 billion.
The total fund assets in Sweden decreased during March by almost SEK 60 billion and amounted at the end of the month to SEK 4 038 billion. Of the total fund assets, SEK 2 372 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, email@example.com
Fredrik Hård, the Swedish Investment Fund Association
+46 (0)8-506 988 08, firstname.lastname@example.org