Trade in securities resulted in a net outflow of SEK 9.6 billion during the third quarter of the year. The outflow was mainly brought about by the purchase of foreign bonds. Swedish investors also continued to invest in foreign shares.
Swedish investors made net purchases German bonds
Swedish investors' interest in foreign debt securities continued significantly during the third quarter of 2010. In total, net purchases of foreign bonds and money market instruments by Swedish investors amounted to SEK 46.4 billion. Most of this outflow was from the net purchases in German bonds, but even American, Finnish, and Norwegian bonds were popular. However, investments in Italian, British and Irish debt securities were less attractive and Swedish investors chose instead to make net sales of these. During 2010, trade in foreign debt securities up until now has resulted in an outflow of SEK 83.9 billion. The corresponding amount for 2009 was an outflow of SEK 17.3 billion.
At the same time as trade in foreign securities resulted in an outflow, trade in Swedish debt securities instead generated an inflow of SEK 52.7 billion. The inflow was mainly due to issues of certificates by the banks; at the same time, trade in certificates issued by Swedish housing credit institutions resulted in an outflow.
Swedish investors continued to buy foreign shares and equity funds
Since the first quarter of 2009, Swedish investors have made net purchases of foreign shares and equity funds. They also did so during this quarter. Trade in foreign shares and equity funds resulted in an outflow of an entire SEK 124.8 billion for all of 2009. During the third quarter of the year, British shares and equity funds attracted the greatest interest among Swedish investors, while above all, German shares were sold.
Trade in Swedish shares and funds instead generated inflow during the quarter for a total of SEK 5.8 billion. Foreign investors made net purchases during the quarter above all from Swedbank. Net sales of shares were mainly from Electrolux, Telia Sonera and Volvo.