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Investment funds 2nd quarter 2017:

Total fund wealth continues to grow

Statistical news from Statistics Sweden and Swedish Financial Supervisory Authority 2017-08-22 9.30

Total fund wealth in Swedish-registered investment funds was SEK 3 604 billion at the end of June 2017. This is an increase of SEK 82 billion since the previous quarter, compared with an increase of SEK 177 billion in the first quarter of 2017. Fund wealth directly held by households contributed SEK 12 billion to the increase.

Positive total net savings

Total deposits in funds remained greater than withdrawals. Net savings in the second quarter totalled SEK 41 billion. This is mainly due to net deposits of SEK 29 billion through financial enterprises and SEK 8 billion through foreign ownership. It should be pointed out that the financial enterprises sector includes savings in unit-linked funds and premium pensions as well as holdings by asset managers that may have households as the final owners.

Total fund wealth (SEK billions)
Investment funds 2nd quarter 2017

Fund savings of households

Fund wealth in Swedish-registered funds directly held by households increased by SEK 12 billion in the most recent quarter and reached SEK 679 billion at the end of June. The positive market development was the largest contributor to the increase with SEK 10 billion and net savings amounted to SEK 2 billion.

Households’ net savings were positive in the categories fund of funds, at SEK 5 billion, and other funds, at SEK 1 billion. Bond and money market funds, equity funds and mixed funds had negative net savings in the quarter.

Equity funds increased the most in the quarter

Units in equity funds and other funds have been purchased for SEK 14 billion more each than they have been sold for in the second quarter. Fund of funds also had positive net savings of SEK 11 billion. All fund categories increased their fund wealth in the quarter. Equity funds increased by SEK 50 billion, which was the greatest increase of all fund categories. The positive development on the stock market may be a contributing factor.

Fund wealth, 2nd quarter 2017
 All sectorsHouseholds
 SEK millionsShare in
percent
SEK millionsShare in
percent
Fund wealth, Total
3 604 194 100 679 273 100
Equity funds
1 926 532 53 358 095 53
Mixed funds
463 783 13 111 092 16
Fund of funds
423 309 12 98 623 15
Bond and money market funds
381 101 11 63 192 9
Other funds
409 469 11 48 272 7

Exchange rate development

The average exchange rate for one euro was SEK 9.69 in the second quarter, compared with SEK 9.51 in the first quarter of 2017. However, the krona gained strength against the US dollar, with an average exchange rate of SEK 8.80, compared with SEK 8.92 in the previous quarter.

Investments in foreign currency are affected by the development of the exchange rate, and a stronger krona reduces the value of these holdings when converted to kronor. The development of the krona against the US dollar in the quarter has contributed to the decrease in value of investments in US dollar. The development of the krona against the euro has had the opposite effect.

Definitions and explanations

The statistics cover Swedish-registered investment funds. Both mutual funds and special funds are included in the statistics. The category "Other funds" includes funds that could not be classified according to any other category, such as hedge funds.

Publication

A more detailed report of this survey has been published in the Statistical Report available on Statistics Sweden's website www.scb.se/fm0403.

Next publishing will be

The next press release in this series is scheduled for publishing on 2017-11-20 at 09:30

Statistical Database

More information is available in the Statistical Database

Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.

Statistical agency

Swedish Financial Supervisory Authority

Address
Box 7821,
103 97 Stockholm

Producer

Statistics Sweden, Financial Market Statistics Unit

Address
Box 24 300
104 51 Stockholm

Enquiries:

Katya Vasileva

Telephone
+46 10 479 42 64
E-mail
katya.vasileva@scb.se

Aiki Parts

Telephone
+46 10 479 45 19
E-mail
aiki.parts@scb.se