Just over SEK 10bn was paid into Swedish premium pension funds in May 2024, pushing the total amount paid into saving funds in Sweden in May to a “whopping” SEK 38.8bn, data from the Swedish Investment Fund Association has revealed.

During May, the annual deposit of fund discounts and inheritance gains was carried out in savers' premium pension accounts, with premium pensions recording a net inflow of just over SEK 10 billion.

This pushed the already large amount of savings seen in the month to an even higher level, with a "whopping" SEK 38.8bn paid into saving funds in May.

This included SEK32.6bn in equity funds, and SEK6.5bn in long-term interest funds, while hedge funds and short interest funds had net inflows of SEK 6.9bn and 0.5bn, respectively.

So far this year, funds show a total of new savings of SEK 81.9bn.

Commenting on the latest figures, Swedish Investment Fund Association economist, Fredrik Hård, said: "New savings in funds received some traction in May from the record-breaking deposit of fund discounts and inheritance gains within the premium pension.

"However, the net deposits were very large even with the premium pension excluded. Active fund savers continue to primarily choose equity funds and in particular broad global funds."

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