During the first quarter, households' net savings in Swedish registered funds were negative. Sales of investment funds exceeded purchases by SEK 4.7 billion. Equity funds account for the largest part of this amount, or SEK 3.5 billion of the net outflow of households. All categories of funds had negative savings if we only look at households' direct ownership of fund holdings.
Households' directly owned wealth in funds dropped by SEK 11 billion and amounted to SEK 377 billion at the end of the quarter. Households also own funds indirectly, for instance via the premium pension and unit-linked funds. Holdings in premium pensions amounted to SEK 345 billion at the end of the quarter, unchanged compared to the previous quarter. At the same time, fund savings in life insurance companies (unit-linked funds) amounted to SEK 428 billion, which is close to SEK 6 billion less than at the end of the fourth quarter.
Fund wealth decreased
Total fund wealth amounted to SEK 1 631 billion at the end of the first quarter. This is a decrease of SEK 4 billion compared to the previous quarter. Compared to the corresponding quarter in 2010, fund wealth has increased by SEK 151 billion.
Even though households accounted for a net outflow, total deposits in funds were larger than the withdrawals. Net savings in funds during the first quarter equalled SEK 16 billion. Most of this amount, SEK 14.9 billion, came from the inflow from the financial corporation sector. It should be pointed out that unit-linked funds and premium pension savings as well as holdings by asset managers that may have households as final owners are included in this sector.