Caution characterized fund savings in June

In June, investment funds recorded a total net inflow of SEK 1.8 billion. Net deposits were primarily made in fixed income funds, whereas equity funds and balanced funds recorded net withdrawals. The total fund assets in Sweden increased during the month by SEK 5 billion and amounted at the end of June to a new record-high level of SEK 4 238 billion.

Investment funds recorded a total net inflow of SEK 1.8 billion in June. Equity funds saw net outflows of SEK 3.8 billion and balanced funds had a net outflow of SEK 0.5 billion. Short term fixed income funds and hedge funds, on the other hand, recorded net inflows of SEK 2.7 and 1.7 billion. Also long term fixed income funds had net deposits of SEK 1.5 billion in June.

So far in 2018, total net sales of investment funds amounts to SEK 21.3 billion, of which SEK 10 billion have been invested in balanced funds.

“Continued macroeconomic concerns characterized the month of June. Not least the intensified trade dispute contributed to the fact that fund investors reduced the risk. Active investors sold equity funds investing in Sweden, Europe and in emerging markets and bought instead fixed income funds", says Gustav Sjöholm, Financial Savings Economist at the Swedish Investment Fund Association.

In June, the development of the world’s stock markets was diversified and the value of the Stockholm Stock Exchange (including dividends) increased marginally during the month. Equity funds recorded a net outflow of SEK 3.8 billion in June. The largest withdrawals were made from Sweden funds and emerging market funds, whereas sector funds, North America funds and global funds recorded net deposits during the month.

So far in 2018, equity funds have recorded a total net inflow of SEK 2 billion. Sweden funds have had net withdrawals of SEK 16.1 billion, whereas global funds have recorded net inflows of SEK 16.4 billion. It is also notable that index funds have recorded net inflows of over SEK 15 billion so far this year.

Long term fixed income funds recorded in June a net inflow of SEK 1.5 billion, of which SEK 0.4 billion was invested in corporate bond funds. So far in 2018, total net sales of long term fixed income funds amounts to SEK 3.8 billion, of which SEK 0.6 billion constitutes net deposits in corporate bond funds.

The total fund assets in Sweden increased in June by SEK 5 billion and amounted at the end of the month to a record-high SEK 4 238 billion. Of the total fund assets, SEK 2 520 billion (equivalent to 59 percent) was invested in equity funds.

For further comments please contact:

Gustav Sjöholm, the Swedish Investment Fund Association
+46 (0)76-540 05 07
gustav.sjoholm@fondbolagen.se

For information about the statistics:

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.