SEK 7 billion into investment funds during July

[2017-08-10] In July, investment funds recorded a total net inflow of SEK 7.2 billion. Net deposits were primarily made in fixed-income funds and balanced funds. The total fund assets in Sweden decreased during the month with SEK 38 billion and amounted at the end of July to SEK 3 779 billion.

Investment funds recorded a total net inflow of SEK 7.2 billion in July. Money market funds had net deposits of SEK 4.2 billion and bond funds had net deposits of SEK 2.8 billion. Also balanced funds recorded a net inflow of SEK 1.4 billion. Equity funds, on the other hand, had a net outflow of SEK 2 billion during the month.

"Net sales of funds continued on a high level in July. Fund savers chose to take down risk and invested in fixed income funds", says Fredrik Pettersson, the Swedish Investment Fund Association.

So far in 2017, total net sales of investment funds amounts to SEK 66.7 billion. Equity funds have recorded a total net inflow of SEK 23.5 billion. Net sales in balanced funds and bond funds amounts to SEK 19.2 and 16.2 billion respectively.

In July, the value of the Stockholm Stock exchange (including dividends) fell by around 3 percent and equity funds recorded a total net outflow of SEK 2 billion during the month. The largest withdrawals were made from Sweden funds and sector funds, whereas Europe funds and Asia funds recorded net inflows.

So far in 2017, equity funds have recorded a total net inflow of SEK 23.5 billion. Global funds accounts for net inflows of SEK 22 billion. Also European funds and Sweden funds have had net deposits of SEK 9.1 and 6.2 billion, whereas net withdrawals primarily have been made from North America funds. It is also notable that index funds have recorded net inflows of SEK 25.1 billion so far this year.

Bond funds recorded, in July, a total net inflow of SEK 2.7 billion, of which the most accounted for net deposits in corporate bond funds. So far in 2017, SEK 16.2 billion has been invested in bond funds, and of which 11 billion have been allocated to corporate bond funds.

The total fund assets in Sweden decreased in July with SEK 38 billion and amounted at the end of the month to SEK 3 779 billion, of which 2 180 billion (equivalent to 58 per cent) were invested in equity funds. Since year-end 2016, the total fund assets in Sweden have increased by nearly SEK 212 billion.

For information about the statistics: 

Fredrik Pettersson, the Swedish Investment Fund Association
+46 (0)8 506 988 03, fredrik.pettersson@fondbolagen.se

Net sales of investment funds in 2017, SEK billion

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