Total net investments decreased

Total net investments decreased in the second quarter, but remained positive, SEK 13 billion in total. A sector-wise breakdown shows that net investments increased mainly in Swedish financial enterprises, by approximately SEK 16 billion, while net sales among foreign ownership amounted to approximately SEK 4 billion. It should be noted that unit-linked funds and premium pension savings as well as holdings by financial corporations that may have households as final owners are included in the financial enterprises sector.

Inflow in the second quarter was largest among other funds, followed by equity funds and bond and money market funds.

Households’ investments in funds

Households’ net investments in the second quarter amounted to SEK 1 billion, while directly-owned fund wealth in Swedish-registered funds increased by SEK 32 billion. A positive market development is the main contributor to this increase. Households’ fund wealth amounted to SEK 765 billion in the second quarter of 2018.

Households’ net investments were largest in fund-of-funds.

Number of active funds

Funds have been closed and new funds have been opened in the second quarter 2018. Some funds have been reclassified. There are now 792 active funds.

Exchange rate development

The average exchange rate for one euro was SEK 10.27 in the second quarter of 2018, compared with SEK 9.96 in the first quarter of 2018. The Swedish krona was weakened against the US dollar, with an average exchange rate of SEK 8.79 compared with SEK 8.11 for one US dollar in the previous quarter.

Investments in foreign currency are affected by the development of the exchange rate. The development of the krona against the euro in the quarter has contributed to an increase in the value of investments. Investments in US dollars were affected positively in the quarter, as the krona was weakened against the US dollar.

The next press release in this series is scheduled for publishing on 2018-11-21 at 09:30