According to Avanza bank, 23% of Swedish fund investors have switched to other funds in the month of March, with the average sale of 34 000 SEK, which is three times larger than average purchases.
Claes Hemberg, savings economist Avanza Bank, commented on the situation in the press release: "Riots in the Arab world and the nuclear crisis in Japan was fund investors to sell. In addition to more conservative fund selection is also seen clear crisis changes in various energy funds. Outside the top ten fund investors have sold the Africa and Middle East funds and instead bought the wind and solar energy, oil and Japan funds."
Swedish investors are buying hedge funds and bond funds, while they are selling mutual funds and other funds with higher risks.
"Investors have first chosen short-term funds as interest rates and hedge. They have also chosen funds resisted turmoil, as commodities, real estate and Swedish small caps, "said Hemberg.
Jan Dinkelspiel, the Swedish Head of Nordnet, also commented on the situation in the company press release : ''Month attraction is particularly hedge funds. Exchange yo-yo-like nature allows savers attracted by the funds that promise stable returns regardless of whether the market goes up or down. It is also interesting that we have a US-fund on the charts for the first time in years. Despite the gloomy news flow, the positive signals about the U.S. economy, and they certainly attract savers. "
Dinkelspiel mentioned that ‘on the list of best-selling funds, there is a mix of funds with exposure to high interest bonds and emerging countries’.
He continued by adding, ''When the tsunami hit savers were reminded of the risk involved in funds with exposure to high-risk bonds. Concepts such as "high interest" was instead "high risk" and the slump in prices we saw on the funds in the middle of the month meant that investors were afraid. "
Best-Selling Funds
1.Spiltan Fixed Income Sweden
2.Danske Fonder Sweden Liquidity
3.Brummer & Partners Lynx
4.Handelsbanken Commodity Fund
5.Brummer & Partners Nektar
6.Brummer & Partners Multi-Strategy 2XL
7.Franklin U.S. Opportunities Fund USD
8.Länsförsäkringar Fastighetsfond
9.GodFond Sweden and the World
10th GustaviaDavegårdh Small Companies
Best-selling funds
1.Nordea U.S. High Yield Bond Fund
2.Danske Invest Global Emerging Markets Small Cap
3.Länsförsäkringar Money Market Fund
4.Fidelity Thailand Fund
5.Evli European High Yield
6.Capinordic BRIC
7.Skagen Kon-Tiki
8.SEB Eastern Europe Small Cap Fund
9.Handelsbanken Latin America Fund
10.FIM Ukraine
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