Investment funds, assets and liabilities, Third quarter 2025
New all-time-high for fund assets
Statistical news from Statistics Sweden 2025-11-25 8.00
At the end of the third quarter of 2025, the total assets in Swedish funds amounted to SEK 8,540 billion. This represents an increase of SEK 342 billion, equivalent to 4,2%, compared to the previous quarter.
─ Total fund assets hit a new record high after surpassing the previous peak from the turn of the year in the past quarter, says Malcolm Svensson Rothmaier, economist at Statistics Sweden’s Financial Market Statistics section.
Total fund assets per quarter
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| Total fund wealth (SEK billions) | |
|---|---|
| 1998-q2 | 458 |
| 1998-q3 | 388 |
| 1998-q4 | 453 |
| 1999-q1 | 492 |
| 1999-q2 | 547 |
| 1999-q3 | 557 |
| 1999-q4 | 720 |
| 2000-q1 | 789 |
| 2000-q2 | 767 |
| 2000-q3 | 777 |
| 2000-q4 | 767 |
| 2001-q1 | 688 |
| 2001-q2 | 759 |
| 2001-q3 | 644 |
| 2001-q4 | 731 |
| 2002-q1 | 746 |
| 2002-q2 | 634 |
| 2002-q3 | 533 |
| 2002-q4 | 565 |
| 2003-q1 | 566 |
| 2003-q2 | 636 |
| 2003-q3 | 682 |
| 2003-q4 | 713 |
| 2004-q1 | 797 |
| 2004-q2 | 810 |
| 2004-q3 | 802 |
| 2004-q4 | 832 |
| 2005-q1 | 904 |
| 2005-q2 | 993 |
| 2005-q3 | 1 078 |
| 2005-q4 | 1 160 |
| 2006-q1 | 1 295 |
| 2006-q2 | 1 216 |
| 2006-q3 | 1 277 |
| 2006-q4 | 1 368 |
| 2007-q1 | 1 428 |
| 2007-q2 | 1 496 |
| 2007-q3 | 1 452 |
| 2007-q4 | 1 416 |
| 2008-q1 | 1 253 |
| 2008-q2 | 1 217 |
| 2008-q3 | 1 116 |
| 2008-q4 | 1 017 |
| 2009-q1 | 996 |
| 2009-q2 | 1 160 |
| 2009-q3 | 1 275 |
| 2009-q4 | 1 393 |
| 2010-q1 | 1 480 |
| 2010-q2 | 1 453 |
| 2010-q3 | 1 511 |
| 2010-q4 | 1 635 |
| 2011-q1 | 1 631 |
| 2011-q2 | 1 646 |
| 2011-q3 | 1 439 |
| 2011-q4 | 1 534 |
| 2012-q1 | 1 643 |
| 2012-q2 | 1 601 |
| 2012-q3 | 1 659 |
| 2012-q4 | 1 737 |
| 2013-q1 | 1 860 |
| 2013-q2 | 1 915 |
| 2013-q3 | 2 017 |
| 2013-q4 | 2 158 |
| 2014-q1 | 2 255 |
| 2014-q2 | 2 516 |
| 2014-q3 | 2 585 |
| 2014-q4 | 2 770 |
| 2015-q1 | 3 106 |
| 2015-q2 | 3 021 |
| 2015-q3 | 2 874 |
| 2015-q4 | 3 039 |
| 2016-q1 | 2 963 |
| 2016-q2 | 3 014 |
| 2016-q3 | 3 204 |
| 2016-q4 | 3 345 |
| 2017-q1 | 3 522 |
| 2017-q2 | 3 604 |
| 2017-q3 | 3 689 |
| 2017-q4 | 3 762 |
| 2018-q1 | 3 804 |
| 2018-q2 | 3 978 |
| 2018-q3 | 4 107 |
| 2018-q4 | 3 796 |
| 2019-q1 | 4 215 |
| 2019-q2 | 4 401 |
| 2019-q3 | 4 526 |
| 2019-q4 | 4 786 |
| 2020-q1 | 4 077 |
| 2020-q2 | 4 553 |
| 2020-q3 | 4 895 |
| 2020-q4 | 5 209 |
| 2021-q1 | 5 707 |
| 2021-q2 | 6 031 |
| 2021-q3 | 6 122 |
| 2021-q4 | 6 739 |
| 2022-q1 | 6 228 |
| 2022-q2 | 5 624 |
| 2022-q3 | 5 571 |
| 2022-q4 | 5 897 |
| 2023-q1 | 6 286 |
| 2023-q2 | 6 690 |
| 2023-q3 | 6 479 |
| 2023-q4 | 6 890 |
| 2024-q1 | 7 575 |
| 2024-q2 | 7 692 |
| 2024-q3 | 7 924 |
| 2024-q4 | 8 243 |
| 2025-q1 | 7 752 |
| 2025-q2 | 8 197 |
| 2025-q3 | 8 540 |
Development in the third quarter in brief:
- Investment funds' holdings in shares increased by 5.3 percent (by SEK 299 billion to SEK 5,935 billion).
─ The investments in shares also hit a new high at the end of the quarter, says Malcolm Svensson Rothmaier. - Net investments in equity funds were again positive, SEK 22 billion, after two straight quarters with negative net flows.
─ Also for North American funds specifically, the net flow was slightly positive after two straight quarters of strong outflows, says Malcolm Svensson Rothmaier.
Net investments North American funds per quarter
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| Net investments | |
|---|---|
| 2021-q1 | 6 |
| 2021-q2 | 4 |
| 2021-q3 | 2 |
| 2021-q4 | 3 |
| 2022-q1 | -7 |
| 2022-q2 | -2 |
| 2022-q3 | 1 |
| 2022-q4 | 1 |
| 2023-q1 | 4 |
| 2023-q2 | 2 |
| 2023-q3 | 1 |
| 2023-q4 | 4 |
| 2024-q1 | -6 |
| 2024-q2 | -19 |
| 2024-q3 | 3 |
| 2024-q4 | 11 |
| 2025-q1 | -25 |
| 2025-q2 | -9 |
| 2025-q3 | 1 |
Exchange rate of the krona
The average exchange rate for one Euro during the quarter was SEK 11.12 compared to SEK 10.96 during the previous quarter. The average exchange rate for one US dollar was SEK 9.52 compared to SEK 9.67 in the previous quarter.
Number of active funds in the statistics
In the third quarter there were 850 active Swedish funds, an addition of four funds compared to the previous quarter.
Important information
From the publication for the fourth quarter of 2024 onwards, the data has been enriched with custodian data to better describe household fund holdings, which were previously partly under financial corporations. Revisions of previously published series have been made up to and including the first quarter of 2024. As a result of this change, Statistics Sweden will not report transactions in fund units for households and financial corporations, as well as households' fund holdings in individual pension savings (IPS).
Fund assets by type of fund, per quarter
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| Equity funds | Bond and money market funds | Mixed funds | Fund of Funds | Other funds | |
|---|---|---|---|---|---|
| 1998-q2 | 351 | 40 | 22 | 44 | |
| 1998-q3 | 283 | 44 | 20 | 40 | |
| 1998-q4 | 333 | 47 | 23 | 49 | |
| 1999-q1 | 362 | 50 | 26 | 54 | |
| 1999-q2 | 406 | 52 | 29 | 59 | |
| 1999-q3 | 411 | 53 | 30 | 60 | |
| 1999-q4 | 546 | 53 | 38 | 0 | 82 |
| 2000-q1 | 598 | 55 | 42 | 0 | 93 |
| 2000-q2 | 580 | 55 | 43 | 0 | 87 |
| 2000-q3 | 585 | 56 | 44 | 0 | 91 |
| 2000-q4 | 551 | 57 | 67 | 0 | 91 |
| 2001-q1 | 472 | 63 | 61 | 0 | 91 |
| 2001-q2 | 522 | 62 | 73 | 0 | 101 |
| 2001-q3 | 414 | 70 | 63 | 0 | 96 |
| 2001-q4 | 484 | 70 | 70 | 0 | 105 |
| 2002-q1 | 485 | 73 | 77 | 1 | 108 |
| 2002-q2 | 388 | 75 | 67 | 1 | 100 |
| 2002-q3 | 298 | 81 | 57 | 1 | 95 |
| 2002-q4 | 322 | 82 | 79 | 2 | 78 |
| 2003-q1 | 309 | 89 | 83 | 2 | 81 |
| 2003-q2 | 358 | 91 | 93 | 3 | 89 |
| 2003-q3 | 382 | 91 | 127 | 4 | 76 |
| 2003-q4 | 420 | 91 | 134 | 8 | 58 |
| 2004-q1 | 473 | 92 | 157 | 14 | 59 |
| 2004-q2 | 473 | 97 | 160 | 17 | 60 |
| 2004-q3 | 464 | 100 | 158 | 18 | 60 |
| 2004-q4 | 484 | 100 | 163 | 21 | 62 |
| 2005-q1 | 523 | 104 | 185 | 27 | 62 |
| 2005-q2 | 579 | 108 | 202 | 32 | 70 |
| 2005-q3 | 636 | 113 | 213 | 37 | 76 |
| 2005-q4 | 682 | 116 | 225 | 54 | 81 |
| 2006-q1 | 771 | 119 | 249 | 63 | 90 |
| 2006-q2 | 679 | 142 | 234 | 65 | 93 |
| 2006-q3 | 731 | 138 | 246 | 67 | 92 |
| 2006-q4 | 792 | 138 | 268 | 70 | 98 |
| 2007-q1 | 833 | 137 | 278 | 73 | 105 |
| 2007-q2 | 875 | 136 | 291 | 80 | 111 |
| 2007-q3 | 831 | 144 | 286 | 82 | 107 |
| 2007-q4 | 789 | 154 | 287 | 83 | 101 |
| 2008-q1 | 653 | 169 | 253 | 77 | 98 |
| 2008-q2 | 631 | 160 | 248 | 79 | 97 |
| 2008-q3 | 545 | 170 | 232 | 74 | 93 |
| 2008-q4 | 459 | 182 | 219 | 71 | 84 |
| 2009-q1 | 449 | 180 | 206 | 70 | 89 |
| 2009-q2 | 572 | 168 | 239 | 82 | 98 |
| 2009-q3 | 652 | 162 | 256 | 94 | 109 |
| 2009-q4 | 723 | 164 | 282 | 106 | 116 |
| 2010-q1 | 778 | 161 | 291 | 123 | 125 |
| 2010-q2 | 818 | 181 | 193 | 132 | 127 |
| 2010-q3 | 860 | 185 | 194 | 141 | 129 |
| 2010-q4 | 964 | 177 | 202 | 154 | 135 |
| 2011-q1 | 945 | 184 | 197 | 156 | 146 |
| 2011-q2 | 932 | 192 | 199 | 174 | 147 |
| 2011-q3 | 726 | 227 | 180 | 160 | 143 |
| 2011-q4 | 789 | 228 | 191 | 174 | 151 |
| 2012-q1 | 890 | 204 | 242 | 151 | 154 |
| 2012-q2 | 828 | 217 | 239 | 158 | 157 |
| 2012-q3 | 864 | 209 | 246 | 169 | 168 |
| 2012-q4 | 905 | 213 | 258 | 181 | 179 |
| 2013-q1 | 985 | 209 | 277 | 196 | 192 |
| 2013-q2 | 984 | 217 | 284 | 232 | 196 |
| 2013-q3 | 1 051 | 216 | 295 | 248 | 205 |
| 2013-q4 | 1 129 | 227 | 316 | 269 | 215 |
| 2014-q1 | 1 163 | 247 | 325 | 285 | 233 |
| 2014-q2 | 1 257 | 374 | 347 | 295 | 241 |
| 2014-q3 | 1 268 | 394 | 360 | 314 | 247 |
| 2014-q4 | 1 381 | 409 | 407 | 323 | 247 |
| 2015-q1 | 1 594 | 423 | 454 | 359 | 273 |
| 2015-q2 | 1 503 | 427 | 448 | 355 | 286 |
| 2015-q3 | 1 375 | 437 | 433 | 340 | 287 |
| 2015-q4 | 1 511 | 418 | 413 | 376 | 319 |
| 2016-q1 | 1 444 | 428 | 400 | 359 | 330 |
| 2016-q2 | 1 483 | 395 | 409 | 366 | 360 |
| 2016-q3 | 1 629 | 385 | 429 | 391 | 368 |
| 2016-q4 | 1 742 | 380 | 445 | 397 | 379 |
| 2017-q1 | 1 876 | 379 | 461 | 409 | 395 |
| 2017-q2 | 1 926 | 381 | 463 | 423 | 409 |
| 2017-q3 | 1 978 | 382 | 465 | 435 | 427 |
| 2017-q4 | 2 043 | 370 | 460 | 446 | 441 |
| 2018-q1 | 2 071 | 377 | 457 | 450 | 446 |
| 2018-q2 | 2 200 | 383 | 468 | 455 | 470 |
| 2018-q3 | 2 291 | 386 | 479 | 469 | 481 |
| 2018-q4 | 2 004 | 423 | 467 | 460 | 440 |
| 2019-q1 | 2 310 | 441 | 507 | 488 | 467 |
| 2019-q2 | 2 448 | 447 | 529 | 512 | 462 |
| 2019-q3 | 2 524 | 452 | 547 | 526 | 475 |
| 2019-q4 | 2 727 | 461 | 572 | 537 | 486 |
| 2020-q1 | 2 191 | 497 | 492 | 460 | 439 |
| 2020-q2 | 2 579 | 493 | 533 | 500 | 452 |
| 2020-q3 | 2 850 | 491 | 557 | 529 | 471 |
| 2020-q4 | 3 091 | 528 | 561 | 583 | 450 |
| 2021-q1 | 3 468 | 520 | 600 | 640 | 482 |
| 2021-q2 | 3 707 | 526 | 622 | 683 | 498 |
| 2021-q3 | 3 745 | 550 | 632 | 693 | 508 |
| 2021-q4 | 4 169 | 606 | 726 | 725 | 511 |
| 2022-q1 | 3 777 | 603 | 681 | 678 | 488 |
| 2022-q2 | 3 322 | 592 | 621 | 626 | 461 |
| 2022-q3 | 3 269 | 602 | 612 | 626 | 459 |
| 2022-q4 | 3 508 | 624 | 634 | 654 | 475 |
| 2023-q1 | 3 811 | 637 | 656 | 688 | 492 |
| 2023-q2 | 4 144 | 641 | 662 | 726 | 516 |
| 2023-q3 | 3 961 | 652 | 644 | 711 | 509 |
| 2023-q4 | 4 266 | 697 | 678 | 726 | 521 |
| 2024-q1 | 4 797 | 699 | 746 | 755 | 576 |
| 2024-q2 | 4 868 | 727 | 764 | 745 | 586 |
| 2024-q3 | 5 011 | 762 | 782 | 766 | 600 |
| 2024-q4 | 5 183 | 822 | 796 | 813 | 627 |
| 2025-q1 | 4 706 | 834 | 762 | 835 | 613 |
| 2025-q2 | 4 981 | 868 | 796 | 898 | 652 |
| 2025-q3 | 5 212 | 879 | 819 | 942 | 686 |