─ Global funds showed the first quarter in a year with negative net flow, SEK -27 billion, during a quarter that among other were characterized by AI fears and geopolitical uncertainty. Also in North America funds the net flow were negative in the quarter after a record large net outflow in the full year 2025, says Malcolm Svensson Rothmaier, economist at Statistics Sweden’s Financial Market Statistics section.

At the end of the first quarter of 2026, the total assets in Swedish funds amounted to SEK 8,761 billion. This represents an decrease of SEK 79 billion, equivalent to 0.9%, compared to the previous quarter.

Development for the first quarter in brief:

Investment funds' holdings in shares decreased by 1.9 percent during the quarter (by SEK 120 billion to SEK 6,053 billion). There were a general equity markets downturn in the first quarter which explains the decrease in funds' holdings.

Net investments in equity funds were though positive, SEK 21 billion, the third quarter in a row with positive net flow.

 ─ In the quarter Sweden funds had a positive net flow for the first time in a year, also in European and Emerging Markets funds the flow were positive, says Malcolm Svensson Rothmaier.

Exchange rate of the krona

The average exchange rate for one Euro during the quarter was SEK 10.69 compared to SEK 10.96 during the previous quarter. The average exchange rate for one US dollar was SEK 9.13 compared to SEK 9.42 in the previous quarter.

Number of active funds in the statistics

In total, there were 856 active Swedish funds by the end of the first quarter, four more than at the end of previous quarter.