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Investment funds 1st quarter, 2019

Positive development on the stock market contributes to increased fund wealth

Statistical news from Statistics Sweden and Swedish Financial Supervisory Authority 2019-05-24 9.30

Total fund wealth amounted to SEK 4 215 billion at the end of March 2019. This is an increase of SEK 418 billion compared with the fourth quarter of 2018. Households’ directly-owned fund wealth contributed SEK 79 billion to the increase in total fund wealth in Swedish-registered investment funds.

Swedish financial enterprises was the sector in which fund wealth increased the most, by SEK 300 million (11 percent), despite net investments of minus SEK 1.4 billion. The Swedish financial enterprises sector includes unit-linked funds and premium pension savings, as well as holdings by financial corporations that may have households as final owners.

The weakest development in the quarter was in the social insurance sector, which decreased by SEK 0.6 billion, and had net investments of minus SEK 0.9 billion.

Foreign owners’ holdings increased by SEK 12 billion in the quarter.

Equity funds was the fund category to increase the most in the first quarter of 2019, by SEK 305 billion, as a result of a strong development on the stock market. The second largest increase, SEK 40 billion, was in mixed funds, followed by SEK 28 billion in fund-of-funds.

Total fund wealth (SEK billions)

Diagram

Source: Statistics Sweden

Households’ investments in funds

Households’ fund wealth amounted to SEK 786 billion in the first quarter of 2019, which is an increase of SEK 79 billion compared with the end of 2018 and an increase of SEK 52 billion compared with the first quarter of 2018. Households invested most in fund-of-funds, SEK 3.6 billion net, and the least in equity funds, minus SEK 1.3 billion.

Net investments in investment funds

Investment funds 1st quarter, 2019

Exchange rate development

The average exchange rate for one euro was SEK 10.42 in the first quarter of 2019, compared with SEK 10.32 in the fourth quarter of 2018. The Swedish krona was also weakened against the US dollar, with an average exchange rate of SEK 9.17 in the first quarter of 2019, compared with SEK 9.04 in the fourth quarter of 2018.

Investments in foreign currency may be affected by the development of the exchange rate. The Swedish krona’s development against the euro and US dollar contributed to an increase in the value of investments calculated in Swedish krona.

Number of active funds

There were 761 active funds in the first quarter of 2019, a decrease of 15 funds compared with the previous quarter.

Definitions and explanations

These 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.

Next publishing will be

The next press release in this series is scheduled for publishing on 2019-08-22 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-Gull

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

Marcus Lodén

Telephone
+46 10 479 40 67
E-mail
marcus.loden@scb.se