Skandia says that the funds focused on Indonesia, Malaysia and Thailand are in demand within Swedish investors.
The funds bought to Skandia in April are Equity – Asia excluding Japan, Equity – Asia, Fixed income. The funds, which are sold most are, Equity – Emerging Market, Equity – Sweden and Equity – Europe.
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Jim Rotsman, head of Nordic Investment Management at Skandia, said: "Following three positive months the stock market rise petered out in April that is visible in the list of funds, where many equity funds have lost ground during the month. At the same time niche Asia funds continued to perform well. We have seen strong interest in these for some time, simply because they are among the currency gainers.
"We have even seen investors looking to Japan funds in line with their performances. Despite funds being hit by the weakening yen against the Swedish krona, Japan funds are one of the best categories this year, and that is increasing interest among investors."
He added: "We have seen a lot of interest in Sweden funds through the spring in line with the stock market performance. But in April all Sweden funds in Skandia’s range delivered negative return, and that is when active investors decided to get rid of them. It should be remembered, however, that even if the most active investors chose to reduce their holdings of Sweden funds, it is still the biggest fund category among our customers."
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