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Shareholding in Swedish organisations continues to drop


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Monday, 29 August 2011
Although shareholdings in various organisations in Sweden has been responsible for the wealth growth the people here have enjoyed for year, the tendency for Swedes to keep on owning stakes in organisations have gradually become unpopular.

Statistic Sweden reports at the end of June 2011 there were 1 490 055 individuals who could be identified as shareholders. This is a decrease of 62 000 persons compared to December 2010.
The body which keep such data in a release on Monday also indicates that by the end of 2011, 15.8 percent of the population owned shares; this is a decrease from 16.9 percent for the corresponding period of 2010. The percentage has fallen for each year since December 2002 when 22.6 percent of the population owned shares. At the end of June 2011, the percentage of women who owned shares was 13.3 percent, while the percentage for men was 18.2 percent. Of those individuals who could be identified as shareholders, a total of 60 684 individuals had a share wealth of SEK one million or more. Of these persons, 20 144 were women and 40 540 were men.

Households' share wealth at the end of June 2011 was valued at slightly less than SEK 476 billion, a decrease of roughly 102 billion since 31 December 2010. The considerable drop of households' share wealth is largely due to many transfers of share holdings from the household sector to the non-financial corporation sector during the first half of 2011.

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The transfers of shares to the non-financial corporation sector combined with a weak stock market also had a considerable effect on the average share portfolio of households. For those individuals who own shares, the average portfolio at the end of June 2011 was worth SEK 286 000. This is a decrease of 55 000 compared to December 2010. However, when looking at the median portfolio, that is, the middle value, that portfolio rose by SEK 1 000 and was worth SEK 21 000. For women, the median portfolio was worth SEK 18 000, while the median portfolio of men was worth SEK 24 000. Despite the weak stock market, the median portfolio has risen mostly because a few of the favourite shares of small savers did better than the index during the first half of the year.

The share wealth of households does not include investments in funds and unit-linked savings.

The total wealth in shares in companies listed on the Swedish market was valued at SEK 4 185 billion at the end of June 2011. This is a decrease of SEK 158 billion compared to the end of 2010.

Foreign owners, which comprise the single largest sector, had holdings of SEK 1 593 billion at the end of June. This is a decrease of 48 billion since the end of 2010. In terms of percent however, the decrease of foreign ownership is less than other sectors. Foreign ownership has increased from 37.8 percent in December 2010 to 38.1 percent at the end of June 2011.

As previously, the US and the UK are the largest single holders of Swedish shares within the foreign owners sector. Their shares of ownership were 26.9 and 22.7 percent of total holdings of the foreign owners sector. Among the Nordic countries, Finland is the largest single holder of Swedish shares, owning 9.2 percent of the foreign ownership.
News source: Statistic Sweden


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