Investment funds 4th quarter 2017:
Fund wealth continues to grow
Statistical news from Statistics Sweden and Swedish Financial Supervisory Authority 2018-02-21 9.30
Total fund wealth in Swedish-registered investment funds was SEK 3 763 billion at the end of December 2017. This is an increase of SEK 73 billion compared with the previous quarter. In the fourth quarter, funds have been moved abroad and foreign funds have been merged with Swedish-registered funds, affecting total fund wealth. Fund wealth directly held by households contributed SEK 36 billion to the increase, a large part of which consisted of fund mergers from abroad.
Total net investments continues to grow
Total deposits in funds remained higher than withdrawals. Net investment in the fourth quarter totalled SEK 48 billion. Sector-wise breakdown shows that Swedish financial companies’ investments increased most, amounting to SEK 45 billion. Among these, SEK 30 billion are premium pension savings.
Source: Statistics Sweden
Households’ fund investments
Fund wealth in Swedish-registered funds directly held by households increased by SEK 36 billion in the most recent quarter and reached SEK 727 billion at the end of December. Households’ net investments amounted to SEK 3 billion in the fourth quarter of 2017. This, together with foreign funds merging into Swedish funds and a positive market development caused an increase in total fund wealth.
Distributed by fund category, households’ net investments in equity funds, bond and money market funds and mixed funds were negative for the third consecutive quarter.
Number of funds decreasing
In the fourth quarter, more than 20 funds were moved abroad, reducing the total number of funds. This also affects the total fund wealth negatively by SEK 45 billion in the fourth quarter. The increased fund wealth is therefore explained by positive market developments.
Among various fund types, the inflow is highest for equity funds in the fourth quarter of 2017.
Source: Statistics Sweden
Exchange rate development
The average exchange rate for one euro was SEK 9.79 in the fourth quarter, compared with SEK 9.56 in the third quarter of 2017. The Swedish krona fell against the US dollar, with an average exchange rate of SEK 8.32 compared with SEK 8.14 in the previous quarter.
Investments in foreign currency are affected by the development of the exchange rate, and a depreciation of the Swedish krona increases the value of these holdings when converted to Swedish kronor. The development of the krona against the euro and the US dollar during the quarter has contributed to the increase in value of investments in these currencies.
Definitions and explanations
The 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 in any other category, such as hedge funds.
Next publishing will be
The next press release in this series is scheduled for publishing on 2018-05-24 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.