SEK 7 billion into equity funds in May

In May, investment funds recorded a total net inflow of SEK 7.2 billion. Net deposits were primarily made in equity funds and balanced funds, whereas hedge funds and short term fixed income funds recorded net withdrawals. The total fund assets in Sweden increased during the month by SEK 38 billion and amounted at the end of May to the new record-high level of SEK 4 233 billion.

Investment funds recorded a total net inflow of SEK 7.2 billion in May. Equity funds had net deposits of SEK 7 billion and balanced funds had net deposits of SEK 3.7 billion. Hedge funds and short term fixed income funds, on the other hand, recorded net outflows of SEK 3.3 and 0.6 billion. About SEK 5 billion of the total net inflow in May consisted of net deposits in the premium pension system as a result of repayment of fees (rebates) and inheritance gains.

So far in 2018, total net sales of investment funds amounts to SEK 19.5 billion, of which SEK 10.5 billion have been invested in balanced funds.

"Although macroeconomic concerns characterized the month of May, investors found their way back to equity funds after a couple of months with net sales. The trend of buying global funds continued, but also sector funds reported a substantial net inflow", says Gustav Sjöholm, Financial Savings Economist at the Swedish Investment Fund Association.

In May, the development of the world’s stock markets was diversified and the value of the Stockholm Stock Exchange (including dividends) decreased marginally during the month. Equity funds recorded a net inflow of SEK 7 billion in May. The largest deposits were made in global funds and sector funds, while Sweden funds and emerging market funds recorded net withdrawals.

So far in 2018, equity funds have recorded a total net inflow of SEK 5.8 billion. Sweden funds have had net withdrawals of SEK 13.5 billion, whereas global funds have recorded net inflows of SEK 15.6 billion. It is also notable that index funds have recorded net inflows of nearly SEK 14 billion so far this year.

Long term fixed income funds recorded in May only a marginal net inflow. So far in 2018, total net sales amounts to SEK 2.3 billion, of which SEK 0.3 billion constituted net deposits in corporate bond funds.

The total fund assets in Sweden increased in May by SEK 38 billion and amounted at the end of the month to a record-high SEK 4 233 billion. Of the total fund assets, SEK 2 521 billion (equivalent to 60 percent) was invested in equity funds.

For further comments please contact:

Gustav Sjöholm, the Swedish Investment Fund Association
+46 (0)8 506 988 07 / +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, 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

Although macroeconomic concerns characterized the month of May, investors found their way back to equity funds after a couple of months with net sales. The trend of buying global funds continued, but also sector funds reported a substantial net inflow.
Gustav Sjöholm, Financial Savings Economist at the Swedish Investment Fund Association