Investment funds 4th quarter, 2019
Fund wealth continues to increase
Statistical news from Statistics Sweden and Swedish Financial Supervisory Authority 2020-02-21 9.30
Total fund wealth amounted to SEK 4 786 billion at the end of December 2019, which is an increase of SEK 260 billion compared with the previous quarter. Households’ directly-owned fund wealth contributed SEK 46 billion to the increase in total fund wealth in Swedish-registered investment funds.
Positive net savings
Fund wealth increased the most in the Swedish financial enterprises sector, by SEK 184 million, with relatively large net investments of SEK 46 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. Foreign owners’ holdings increased by SEK 5 billion in the fourth quarter.
Equity funds was the fund category to increase most in the fourth quarter, by SEK 203 billion. A positive market development, together with large net investments amounting to SEK 33 billion are the cause of this increase. The second largest increase, SEK 25 billion, was in mixed funds, followed by SEK 11 billion in fund-of-funds.
Source: Statistics Sweden
Households’ investments in funds
Households’ directly-owned fund wealth amounted to SEK 876 billion in the fourth quarter of 2019, which is SEK 46 billion more than in the previous quarter and SEK 170 billion more than in the fourth quarter of 2018. Households invested most in fund-of-funds, SEK 6 billion net, and the least in equity funds, minus SEK 2 billion. In terms of total fund wealth, the equity funds category remains unequivocally the largest category, with SEK 447 billion, followed by SEK 159 billion in fund-of-funds.
Swedish krona continued to weaken
The average exchange rate for one euro was SEK 10.66 in the fourth quarter of 2019, unchanged from the third quarter. The Swedish krona was weakened against the US dollar, with an average exchange rate of SEK 9.63, compared with SEK 9.59 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 US dollar during the fourth quarter has contributed to the increase in value of investments in US dollars.
Number of active funds in the statistics
There were 743 active funds in the fourth 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 2020-05-26 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.