Investment funds 4th quarter, 2020
Fund wealth increased
Statistical news from Statistics Sweden and Swedish Financial Supervisory Authority 2021-02-24 9.30
Total fund wealth amounted to SEK 5 207 billion at the end of 2020, which is an increase of SEK 312 billion compared with the previous quarter. Large net investments and continued positive stock market development contributed to the increase.
Developments in the fourth quarter in brief
- Total net investments amounted to SEK 75 billion.
- Households’ net investments amounted to SEK 6 billion.
- Swedish financial enterprises was the sector in which fund wealth increased the most, by SEK 250 billion, of which premium pensions accounted for SEK 110 billion.
- Foreign owners’ holdings in Swedish-registered funds increased by SEK 13 billion and amounted to SEK 188 billion.
- The largest increase in the fourth quarter, SEK 232 billion, was recorded in the fund category equity funds, and was the result of strong development in the stock market and net investments amounting to SEK 48 billion.
- Bond and money market funds was the category with the smallest increase, and the increase of SEK 6 billion was largely due to net investments.
- Fund-of-funds accounted for the second largest increase, SEK 32 billion, followed by SEK 23 billion in other funds.
- Households’ directly-owned fund wealth amounted to SEK 956 billion in the fourth quarter, which is SEK 50 billion more than in the previous quarter and SEK 80 billion more than in the fourth quarter of 2019.
- In the household sector, the largest net increase, SEK 34 billion, came from equity funds, while the value of the household sector’s bond and money market funds decreased by SEK 2 billion.
- In terms of total fund wealth in the household sector, the equity funds category remains by far the largest category, with SEK 516 billion, followed by SEK 173 billion in fund-of-funds.
Swedish krona exchange rate was strengthened
The average exchange rate for one euro was SEK 10.28 in the fourth quarter of 2020, compared with SEK 10.36 in the previous quarter. The Swedish krona was also strengthened against the US dollar, with an average exchange rate of SEK 8.63, compared with SEK 8.87 in the previous quarter. This means that fund investment in foreign currency decreased in value calculated in Swedish kronor.
Number of active funds in the statistics
There were 772 active funds in the fourth quarter, which is eight more than in the previous quarter.
Source: Statistics Sweden
Definitions and explanations
These statistics cover Swedish-registered investment funds. Both mutual funds and special funds are included in the statistics. The category ‘Other funds’ includes funds that could not be classified according to any other category, such as hedge funds.
The Swedish financial enterprises sector includes unit-linked funds and premium pension savings, as well as holdings by financial corporations that may have households as final owners.
Next publishing will be
The next statistical news in this series is scheduled for publication on 2021-05-25 at 09:30
Statistical Database
More information is available in the Statistical Database
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.