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.
In April fund investors continued to prioritize lower risk by investing primarily in balanced funds and bond funds. Equity funds recorded for the third month in a row a net outflow. The total fund assets in Sweden nevertheless recorded a new record of SEK 4 196 billion.
Fund investors prioritized lower risk during March and chose primarily fixed income funds and balanced funds in their new sawing. As in February, active investors sold equity funds, although to a lesser extent during March
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
Shaky stock markets in November triggered active fund savers to reduce the risk in their portfolios by selling equity funds.
Except large inflows in Sweden and global funds, large inflows were also made into Asian fund. To Asian funds we saw the largest net savings for two years
The strong development of the equity market in September made active fund investors buy equity funds again, after three months of net withdrawals. They mostly bought Sweden and global funds, whereas they continued to shift from North America to European funds. The large inflows in equity funds together with the strong performance of most of the world's equity markets, made total fund assets in Sweden rise to a new all-time high level.
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.
Net sales of funds continued on a high level in July. Fund savers chose to take down risk and invested in fixed income funds.
Net sales of funds have been very large during the first half of 2017. Positive stock market development has probably contributed to net deposits of nearly SEK 60 billion, mainly into equity funds.
Characteristic for fund savings in May was that bond funds accounted for the largest inflow, which could be interpreted as a willingness of the active savers to decrease risk before the summer. For equity funds savers chose mostly European funds and sold US funds, a behavior we also noticed in April.
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.
In February, the interest for investment funds was great. As in January, the largest net inflow went to equity funds and primarily to Sweden funds and Global funds.
In January, fund investors sold fixed income funds and bought equity funds. The largest net inflows went to Sweden- and global funds, markets where investors already have large fund investments. Worth noting is also that index funds continues to account for a large part of the total net inflow into equity funds.
2016 became another strong year for funds. Total fund assets increased by over SEK 320 billion and exceeded, at the end of the year, for the first time ever, 3 500 billion. The increase in assets consisted of about a sixth of new savings and five sixths of value increase.