Record outflow from Swedish mutual funds in March

Swedish fund savers pulled a record amount from their mutual fund savings during the corona turmoil in March. The net outflow reached 2 percent of total fund assets.

It is not a question of if but of when we see a recovery of the econom, says Gustav Sjöholm, savings economist at the Swedish Investment Fund Association. | Photo: Swedish Investment Fund Association/PR

Net savings in Swedish mutual funds were negative in March. The EUR 9 billion (SEK 98.3 billion) net outflow from mutual funds of is the largest net withdrawal recorded in a single month and corresponds to 2 percent of total fund assets, writes the Swedish Investment Fund Association in a press release.

Equity funds, mixed funds and long-term fixed income funds were most affected by the withdrawals, while short-term fixed income funds showed significant net deposits.

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