Inflows into Sweden-domiciled funds reached a first half record of 160bn Swedish kronors (€13.6bn) in the first six months of 2024 bringing total fund assets in Sweden to a record 7.9 trillion crowns by the end of June.
According to figures released by the Swedish Investment Fund Association, June saw net inflows of 21.8bn crowns, of which equity funds accounted for 16.2bn SEK, and 95.2bn in the six months to June (of which 91bn crowns into global equity funds and the remainder into Swedish equity funds).
Short-term interest funds in June recorded net inflows of SEK 4.3bn respectively while there were net withdrawals from mixed funds of 3.9bn crowns during the month.
“So far this year, new savings in funds exceed SEK100bn and fund assets have increased by nearly SEK1,000bn since the turn of the year. A clear trend is that the absolute majority of new savings go to equity funds and above all to global funds,” said Rebecca Jansson, the fund economist of Fondbolagens förening.
In June, long-term interest funds recorded net inflows of SEK 3.4bn, while corporate bond funds saw net inflows of SEK 3.9bn. So far this year, long-term interest funds have seen total new savings of SEK 27.3bn, of which SEK 13.6bn were net deposits into corporate bond funds.
