Sharp reduction in new Swedish funds

A growing number of Swedish funds has been liquidated and very few new ones are born. According to Morningstar, the main cause is new regulation within the Swedish Premium Pension System – PPM. But last year's weak equity markets and increased interest in index funds may also have contributed.

Photo: Pensionsmyndigheten/PR

This year, Sweden has seen the launch of only 16 new funds, which is nearly half the normal number, according to Morningstar.

On average over the last ten years, Sweden has registered 34 new mutual funds in the first eight months of the year, according to the Morningstar Direct database. The market has not introduced as few funds since 2003. To compare, by the end of August 2017 and 2018, Swedish investors had seen 27 new funds emerge.

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