Swedish retail investors redeem hedge funds
Stockholm (HedgeNordic) – Swedish retail investors have been selling hedge funds over the course of this year, a trend that continued into July according to recent statistics from online broker Nordnet.
Nordnet data suggest that the Brummer Multi-Strategy Funds were the most heavily sold by private investors in July, other hedge funds on the list include Aktie-Ansvar Graal Kvanthedge, Excalibur, Danske Invest Europe Long/Short Dynamic and QQM Equity Hedge.
In a comment, Joakim Bornold, savings expert at Nordnet says:
“Investors continue to sell their hedge fund holdings. I see no signs that this will change in the near future. Most hedge funds have had a poor development in a market environment that should work in their favour.”
The full list of most sold funds in July on the Nordnet platform below.
Nordnet – Most sold funds, July 2016
AXA IM FIIS US SHORT DURATION HIGH YIELD F USD
CARNEGIE STRATEGIFOND A
NORDEA SMÅBOLAGSFOND NORDEN
DANSKE INVEST EUROPE LONG-SHORT DYNAMIC
PARVEST JAPAN YEN BOND
Picture: (c) Oleksiy-Mark – shutterstock