Swedish Investment Fund Association has said that the fund industry has hit another record high with assets under management (AuM) of SEK2.289 trillion (US$3.5 trillion), as net sales for the month hit SEK9.1 billion.
Managing director of the SIFA, Pia Nilsson, said: "The May month also reported net sales of SEK46 billion, including SEK21.5 billion for equity funds in the first five months of 2013.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
"In May, interest was greatest for balanced funds, which indicates that many seek the extra risk diversification that these funds provide. So far in 2013, fund investors have been cautious with savings in emerging markets."
According to the previous association trends, investors were more comfortable buying funds when the local stock market went up during the month.
The Stockholm stock exchange rose by 2% through May, as equity funds recorded net inflows of SEK1.2 billion, including sales of Sweden funds.
North America was in demand in terms of net sales figures, along with global equities.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
