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Tide turns for the popularity of domestic funds in Sweden

In July, funds that invested in Sweden were more popular than global funds, which contrasts earlier trend, says savings economist of the Swedish Investment Fund Association.

Gustav Sjöholm, savings economist at Fondbolagens förening. | Photo: PR Fondbolagens förening.

Inflows into funds registered in Sweden totaled SEK 18.8bn (EUR 1.83bn) in July, according to fresh figures published by the Swedish Investment Fund Association. Total fund assets increased by SEK 80bn (EUR 7.78bn) during July and totaled SEK 4,856bn (EUR 472bn) at the end of the month.

Equity funds pulled in the largest net inflows, some SEK 10.6bn (EUR 1bn) in total. The largest net deposits concerned funds investing in Sweden, followed by global funds and industry funds. So far this year, equity funds have noted a net outflow of a total of SEK 19bn (EUR 1.84bn).

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