Nordnet, the Nordic pension and Investment Company, reports that in January the Swedish market was dominated by mutual funds, and Swedish small cap fund, whereas in February it was the complete opposite.
"Unrest in North Africa and the Middle East, has affected investors in February. For the first time in several months, we see that investors are abandoning equities in favor of fixed-income funds. Although hedge funds are taking revenge after a few months with strong net outflows. With a rising oil price, political revolutions and other uncertainties in the flow of news has investors hedged themselves for further declines, "said Jan Dinkelspiel, Sweden Head of Nordnet, in the company press release.
He continued by stating:
"When the market goes down because of general uncertainty becomes small caps extra vulnerable. This may, of course, a rash of these funds development. The funds were strong in 2010 and it is natural that investors bring back profits before it's too late, "says Jan Dinkelspiel.
Listed below are the Fund’s Nordnet categorized as best Selling, based on approximately 210,000 Swedish accounts in February.
1.Nordea European High Yield Bond Fund
2.Nordea U.S. High Yield Bond Fund
3.Tangent
4.Brummer & Partners Nektar
5.Brummer & Partners Lynx
6.Atlant Stability
7.Evli European High Yield USD
8.Evli New Republic
9.JP Morgan U.S. Technology
10.SEB Interest Hedge Alpha
Best-selling funds
1.Länsförsäkringar Fastighetsfond
2.Simplicity Liquidity
3.Handelsbanken Latin America Fund
4.Carlson Sweden Micro Cap
5.GustaviaDavegårdh Greater Russia Small / Mid Cap
6.Spiltan Fixed Income Sweden
7.Danske Invest Global Emerging Markets Small Cap
8.Didner & Gerge Equity Sweden
9.Skagen Kon-Tiki
10.Lannebo Small Companies
Comments