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Swedish fund savings surpass significant milestone

Swedes continue flocking to equity funds and ditching fixed income. Fund savings in the country are now at an all-time high.

Swedish Investment Fund Association CEO Fredrik Nordström | Photo: PR / Swedish Investment Fund Association

New inflows in funds in Sweden continued to rise during April and amounted to SEK 21.5bn (EUR 2.1bn). The total amount allocated to funds increased by SEK 128bn (EUR 12.65bn) during the month, bringing Sweden's fund fortune to an all-time high of SEK 6,047bn (EUR 597bn).

This is the first time fund savings in Sweden surpass SEK 6,000bn.

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