Thursday, January 15, 2015

Record-breaking sales of mutual funds in 2014 – Swedish newspaper Svenska Dagbladet

Record-breaking sales of mutual funds in 2014 – Swedish newspaper Svenska Dagbladet

The Swedes fund assets has never been greater.

The total fund assets at year-end for the first time to over 3000 billion, thanks to the large net savings in combination with good returns during the year. Wealth increased by more than 520 billion compared to 2013.

– The value increase accounted for a large part. It’s worth thinking about when it was a year that ended with zero interest rate, says Pia Nilsson, President of Fund Association.

For example, savers’ two largest categories of mutual funds, Global and Sweden, yields on 23 and 16 percent.

From right Sweden funds they received more money than it was in during the year, something that surprised Pia Nilsson. Net savings was minus eight billion crowns.

– We are not accustomed to seeing. When the Stockholm Stock Exchange goes well, it is usually an inflow, she says.

She believes that one explanation is that savers after turbulent finanskrisår looking for more diversification.

– The moving money from the savings account with zero interest rate to an ISK may not want to have as high a risk of the savings, she said.

Most popular among savers during the last year was in line with this reasoning, balanced funds and bond funds, with approximately $ 70 billion each in new savings . Just under 10 billion was put into stock funds. Money market funds, ie money market funds, was the category that fell during the year.

Investment Savings Account (ISK) has come largely according to the association. About a third of new savings is there, while unit-linked portion decreases.

Statistics from the SIFA covers almost the entire Swedish stock market.

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