Swedish investors made net purchases of foreign shares and funds for SEK 27.2 billion in March. These investors increased their holdings in bank certificates in other currencies by SEK 31 billion net.
Cross-border portfolio investments resulted in a capital outflow of 45.5 billion in March. Trade in shares and funds resulted in a net outflow of SEK 32.6 billion while trade in debt securities resulted in a net outflow of SEK 12.8 billion.
Continued unrest on interest markets resulted in considerable flows. In March foreign investors sold SEK-denominated mortgage backed securities and bonds for net values of SEK 19.3 billion and 15.9 billion, respectively. Trade in SEK-denominated government bonds resulted in an inflow of SEK 17.9 billion. At the same time Swedish bank certificates in other currencies were issued abroad at a net value of SEK 31.0 billion.
Swedish investors' holdings of foreign debt securities increased in March by SEK 28.4 billion. The bonds and money market instruments in other currencies mainly generated the largest outflow with net purchases valued at SEK 12.0 and 12.3 billion, respectively.
Trade in shares and funds continued to generate outflows in March. Swedish investors made net purchases of foreign shares and funds for 16.5 and 10.7 billion, respectively. At the same time foreign investors sold Swedish shares and funds for a net value of SEK 5.5 billion. Teliasonera and Volvo accounted for the largest sales.