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Calm in mutual funds business in the summer


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Thursday, 28 July 2011
Activity among fund investors was low in July as both the leading Swedish players in the sector Nordnet and Avanza showed.
According to Avanza interest in the funds business was the lowest in many years and fund trading in July fell 28 percent from the same month last year.
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For Nordnet, it also noted slow sales in July and that people who were still active in investing where choosing to invest in secure money market funds and were selling mutual funds.
The slow down is being blamed by concerns about the U.S. economy and the crisis in Greece.
By Scancomark.se Team


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