Sweden: Banks and the common people is selling of US investments and reinvest it in Sweden
Sweden: Banks and the common people is selling of US investments and reinvest it in Sweden
Läget på börsen oroar allt fler – inte bara småsparare. Såväl svenska banker som hushåll gör rekordstora uttag från USA-fonder, rapporterar TT. Samtidigt är sparekonomens råd att ha is i magen.
Net withdrawals from North American and US funds totalled SEK 13.7 billion, banks and households combined. This is the highest figure since 2010, when data started to be collected.
At the same time, net deposits in Swedish funds totalled SEK 22.7 billion - another record high, according to TT.
- ‘It is clear that Swedish households have reacted strongly to the new US administration's turbulent policies, which so far have included trade wars and actions that have turned a lot of what we previously took for granted upside down,’ says Stefan Westerberg, private economist at Länsförsäkringar, which has compiled the total equity fund savings in Sweden, both among private savers and banks, during February.
I keep hearing news about Sweden and keep being more excited I'm leaving the US to go live there. I will also be joining you all in withdrawing funds from US controlled sources soon as I get a personnummer and can open Swedish accounts