Subdued fund savings of households

The decreased net inflow in funds was among other things due to households' sales of equity funds of SEK 3.2 billion more than the value of their purchases. In contrast, the other fund categories had positive net savings. Among other things, households made net purchases of mixed funds and bond and money market funds for 2.0 and 0.5 billion respectively.

At the end of the second quarter this year, households' directly owned fund wealth amounted to SEK 339 billion, which can be compared to SEK 353 billion in the first quarter this year. The premium pension and unit-linked funds, which are indirect fund holdings of households, amounted to SEK 344 and 448 billion respectively.

Positive total net savings

In comparison to households’ net savings, the total net savings in Swedish registered funds were also positive. During the second quarter this year, purchases exceeded sales by SEK 19.9 billion. This can be compared to the previous quarter when net savings were minus SEK 0.4 billion.

A contributing factor to the net inflow of funds could among other things stem from the financial corporate sector that had a net inflow of SEK 20.0 billion. 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. Swedish non-financial corporations sold for SEK 0.7 billion more than they bought for. Foreign owners had negative net savings of 0.9 billion.

Equity funds showed a net outflow

A total net outflow for equity funds of SEK 14.9 billion was reported during the second quarter. However, the other fund categories showed a net inflow. Among other things, a total net inflow of SEK 12.9 and 13.9 billion respectively was reported for bond and money market funds and fund of funds.

Total fund wealth decreased

Compared to the first quarter this year, fund wealth decreased during the second quarter by SEK 42 billion. Total fund wealth in Swedish registered funds amounted to SEK 1 602 billion.

The value of equity funds decreased by SEK 62 billion, and amounted to a total of SEK 828 billion. The negative stock market development during the second quarter was one of the reasons for this. In contrast, bond and money market funds increased by SEK 13 billion. Fund of funds and other funds increased by SEK 6 billion and 3 billion respectively. Mixed funds decreased by SEK 3 billion.