Investment funds 3rd quarter 2018
Positive growth in the stock market benefits fund wealth
Statistical news from Statistics Sweden and Swedish Financial Supervisory Authority 2018-11-21 9.30
Total fund wealth amounted to SEK 4 107 billion at the end of September 2018, up SEK 129 billion compared with the previous quarter. Households’ directly-owned fund wealth increased and contributed SEK 22 billion to the increase in total fund wealth in Swedish-registered investment funds.
Fund wealth continues to increase
A breakdown by sector shows that fund wealth increased mainly among Swedish financial corporations, by SEK 91 billion, followed by households’ directly owned fund wealth, by SEK 22 billion. Net investments in these two sectors amounted to SEK 10 billion and SEK 3 billion respectively, and the remaining increase is due to positive market growth during the quarter. 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 corporations sector.
Foreign ownership increased by SEK 7 billion, SEK 4 billion of which comes from net investments.
Among the various fund types, equity funds increased the most in the third quarter of 2018 as a result of positive market growth, by SEK 90 billion. Fund-of-funds accounted for the second largest increase, SEK 13 billion, and the largest net investments, SEK 8 billion.
Source: Statistics Sweden
Households’ investments in funds
Households’ fund wealth amounted to SEK 787 billion in the third quarter of 2018. Net investments in this sector increased and amounted to SEK 3 billion at the end of September. Households invested most in fund-of-funds during the quarter, SEK 5 billion net, while net investments in equity funds increased by SEK 3 billion, but remained negative during the period.
Source: Statistics Sweden
Exchange rate development
The average exchange rate for one euro was SEK 10.41 in the third quarter of 2018, compared with SEK 10.27 in the second quarter of 2018. The Swedish krona was weakened against the US dollar, with an average exchange rate of SEK 8.95, compared with SEK 8.79 in the previous quarter.
Investments in foreign currency may be affected by the development of the exchange rate. The development of the Swedish krona against the euro during the quarter has contributed to an increase in the value of investments. Investments in US dollars were affected favourably during the quarter, as the Swedish krona was weakened against the US dollar.
Number of active funds
Some funds have been closed and new funds have been opened in the third quarter of 2018. There were 789 active funds in the quarter.
Definitions and explanations
These statistics cover Swedish-registered investment funds. Both mutual funds (investment funds) and special funds are included in the statistics. The category ‘Other funds’ includes funds that could not be classified under any other category, such as hedge funds.
Next publishing will be
The next press release in this series is scheduled for publishing on 2019-02-21 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.