Swedes flee investment funds
TT/The Local · 10 Jan 2008, 14:25
Published: 10 Jan 2008 14:25 GMT+01:00
Though definitive figures will not be available until Friday, it has already become clear that investors took more money out of funds last year than they put in.
"It is the worst year since we began keeping records," Fredrik Pettersson from the Swedish Investment Fund Association told news agency TT.
In contrast, savings invested in the country's bank have increased by 15-20 percent over the last year.
"This reflects uncertainty on the stock exchange," said Pettersson.