Households sold equity funds
Households' directly owned fund wealth decreased by SEK 16 billion, amounting to SEK 352 billion at the end of the quarter. Households mainly sold equity funds (SEK 4 billion) and purchased fund-of-funds (also SEK 4 billion). In total, households deposited about as much in funds as was withdrawn during the second quarter.
Households' holdings in unit linked funds amounted to SEK 393 billion, which is a slight increase. The reason is mainly because net savings were considerable (SEK 12 billion) during the quarter. Holdings of premium pension funds dropped by SEK 13 billion, amounting to SEK 292 billion.
Changes in Premium Pension System
In May parts of the Premium Pension System were changed, resulting in considerable consequences for the statistics this quarter. During that month two mixed funds in the Premium Pension System were closed. All of the contents were transferred to two newly started funds, an equity fund and a bond and money market fund. This resulted in a higher negative net savings and a considerable decrease of fund wealth for mixed funds. However, equity funds and bond and money market funds had significant positive net savings and increased wealth.
High savings in bond and money market funds
Savings in money market funds, which are not affected by the above, had an inflow of SEK 7 billion. If bond funds are also included, total savings in bond and money market funds amounted to SEK 20 billion. However, some of this is premium pension funds that have been transferred.
Fund-of-funds, that is, funds that invest in other funds, had net savings of SEK 14 billion. Equity funds had a total net inflow of SEK 79 billion, including the transfer of premium pension funds.