Billion dollar blow for Swedish fund savers

Leksand extended the winning streak beat AIK

The total fund assets also took a serious hit when, for example, the Stockholm Stock Exchange fell sharply. At the end of 2022, fund assets amounted to SEK 6,067 billion – a decrease during the year of SEK 884 billion, according to the Fund Companies Association’s annual report.

“The tough economic situation has affected the actions of savers. For large parts of the year, we have seen how savers sold funds with higher risk, above all equity funds,” says Philip Scholtzé, savings economist at the Association of Fund Companies, in a press release.