SEK 12 billion into investment funds in April
[2017-05-10] In April total net sales of investment funds amounted to SEK 12.4 billion. The largest deposits were made in equity funds with a net inflow of over SEK 6 billion. The total fund assets in Sweden increased during April by SEK 79 billion and amounted at the end of the month to a new record-high level, SEK 3 826 billion.
Investment funds recorded a total net inflow of SEK 12.4 billion in April. Equity funds recorded net deposits of SEK 6.1 billion and balanced funds had a net inflow of 4.7 billion. Also bond funds had net deposits of SEK 1.3 billion. Money market funds, on the other hand, recorded net outflows of SEK 0.5 billion in April.
So far in 2017, total net sales of investment funds amounts to SEK 38.5 billion, of which 23.6 billion have been invested in equity funds.
“Characteristic for fund savings in April was that active investors chose to shift from US funds, where they have experienced a long-term value increase, among other things due to a strong US dollar, to European funds. The general trend that fund investors choose funds with a broad investment orientation such as global funds also last in April”, says Fredrik Pettersson, Chief Analyst of the Swedish Investment Fund Association.
In April, the global stock market development was positive and the value of the Stockholm Stock exchange (including dividends) rose by over 4 percent. Equity funds had a total net inflow of SEK 6.1 billion during the month. The largest net deposits were made in global funds and European funds, whereas North America funds and Russia funds recorded net withdrawals during the month. The interest in index funds remained high during April with net deposits of SEK 7.5 billion. So far this year, equity funds have shown a total net inflow of SEK 23.6 billion, of which over 20 billion have been allocated to index funds.
Bond funds had a total net inflow of SEK 1.3 billion in April. Large deposits were made in corporate bond funds, with a recorded net inflow of SEK 1.7 billion.
The total fund assets in Sweden increased in April by SEK 79 billion and amounted at the end of the month to a record-high SEK 3 826 billion. Of the total fund assets, SEK 2 234 billion (equivalent to 58 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
Net sales of investment funds 2017, SEK billion
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