Fewer Swedes own shares

The number of Swedish share owners fell in 2007 to under 46,000, according to new figures from the Nordic Central Securities Depository.

The figure means that fewer people own shares in Sweden now than at any time since 2000. The number of share owners is down 14 percent since a peak in 2002.

Elisabeth Tandan, CEO of the Swedish Shareholders’ Association (Aktiespararna), told Dagens Nyheter that institutional investors had increased their shareholdings while the number of private investors had fallen.

Meanwhile Ericsson, one of the most popular shares among ordinary Swedes, gained 1,870 new shareholders in the final quarter of 2007, according to Svenska Dagbladet. The increase is the first since the company’s share issue in 2002.