Handelsbanken takes 40 percent of new Swedish fund market inflows in Q1

Handelsbanken Fonder's market share in Sweden grew during the first quarter, with net inflows in its home market totaling SEK 14.9bn. The company has seen total AUM in its mutual funds nearly double in the past year.

Photo: Handelsbanken/PR

Sweden's second largest fund manager, Handelsbanken Fonder, has grown its assets under management in mutual funds, both compared to the last and first quarters of 2020.

The bank is the first to publish its quarterly figures out of all the big banks, with its competitors releasing their latest reports in a week’s time.

Handelsbanken's figures show that its total assets under management at the end of the first quarter amounted to SEK 933bn (EUR 92.1bn). Compared to the SEK 663bn (EUR 62.5bn) reported after the corresponding period last year, it is an increase of roughly 41 percent.

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