Swedish savers pulled $940 mln from US equity funds in January, data shows

- Swedish savers pulled 8.4 billion Swedish crowns ($941 million) from stock funds investing in the United States in January after withdrawing nearly 60 billion crowns last year, figures from the Investment Fund Association showed on Tuesday.

Investors' faith in the world's biggest financial market has been tested in recent months by worries over trade policy, the U.S.' ambitions in Greenland, the independence of the Federal Reserve and the U.S. government's strained finances.

Some big Nordic investors have already pulled the plug.

"Active fund savers continued to make withdrawals from U.S. funds and in January we also saw withdrawals from global funds," Fredrik Hard, economist at the association, said in a statement.

Global equity funds have a heavy exposure to U.S. stocks.

Overall, savers withdrew a net 5.4 billion crowns from equity funds in January with the biggest outflows from global and U.S. funds.

Swedish and European equity funds saw net inflows. Bond funds also registered positive figures.

The shift away from U.S. exposure continued a trend from 2025 when Swedish savers withdrew 57.5 billion crowns from U.S. equity funds from January to December.

Swedes had 8,800 billion crowns in fund savings at the end of January with nearly 6,000 billion in equity funds.

($1 = 8.9267 Swedish crowns)