Investment funds 2nd quarter, 2019
Fund wealth continues to increase
Statistical news from Statistics Sweden and Swedish Financial Supervisory Authority 2019-08-22 9.30
At the end of June 2019, total wealth amounted to SEK 4 401 billion, an increase of SEK 186 billion compared with the previous quarter. Households’ directly-owned fund wealth contributed SEK 28 billion to the increase in total fund wealth in Swedish-registered investment funds.
Positive total net savings
Swedish financial enterprises was the sector in which fund wealth increased the most, by SEK 144 million. Net investment of SEK 41 billion contributed to this increase. The Swedish financial enterprises sector includes unit-linked funds and premium pension savings, and holdings by financial corporations that may have households as final owners. Foreign owners’ holdings increased by SEK 4 billion during the quarter, despite negative net investments of SEK 2 billion.
Equity funds was the fund category to increase most in the second quarter, by SEK 138 billion. Positive market development and net investments of SEK 31 billion contributed to this increase. Fund-in-funds accounted for the second largest increase, of SEK 25 billion, followed by SEK 22 billion in mixed funds.
Source: Statistics Sweden
Households’ investments in funds
Households’ fund wealth amounted to SEK 814 billion in the second quarter of 2019, which is SEK 28 billion more compared with the previous quarter and SEK 49 billion more than in the second quarter of 2018. Households invested most in fund-of-funds, SEK 5 billion net, and the least in equity funds, minus SEK 3 billion. In terms of total fund wealth, the equity funds category remains unequivocally the largest category, with SEK 410 billion, followed by SEK 144 billion in fund-in-funds.
Weaker Swedish krona
The average exchange rate for one euro was SEK 10.62 in the second quarter of 2019, compared with SEK 10.42 in the first quarter. The Swedish krona was also weakened against the US dollar, with an average exchange rate of SEK 9.45, compared with SEK 9.17 in the previous quarter.
Investments in foreign currency are affected by the development of the exchange rate, and a weaker krona increases the value of these holdings when converted to Swedish kronor. The development of the Swedish krona against the euro and the US dollar during the quarter has contributed to the increase in value of investments in these currencies.
Number of active funds
There were 744 active funds during the quarter, a decrease of 17 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 2019-11-21 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.