Fund investors at online broker Nordnet opted to increase their global exposure in April as risk appetite returned.

Capital flowed into broad, low-cost index funds, particularly Swedish and global funds, where the US continues to account for approximately 70 percent of the world index.

'Among the most sold funds, we find two with clear energy exposure. This is likely a consequence of the de-escalation we have seen in the Middle East, leading to falling oil prices and a return to more normal market conditions,' says Carl-Henrik Söderberg, savings economist at Nordnet.

Following the strong performance in March, some profit-taking was also observed.

'Otherwise, we find a rather mixed bag on the sell list, with some fixed-income funds alongside pharmaceuticals, emerging markets, and small caps,' says Carl-Henrik Söderberg.

Most boughtMost sold
Nordnet Sverige IndexOdin Norge
Länsförsäkringar Global IndexInvesterum Strategic Value
Nordnet One OffensivLannebo Obligationsfond
Nordnet One BalanseradDanske Invest Horisont Offensiv
Spiltan Aktiefond InvestmentbolagRhenman Healthcare Equity
Nordnet Global IndexTempleton Emerging Markets
Nordnet Teknologi IndexBGF World Energy
Länsförsäkringar Tillväxtmarknad IndexAmundi Fds Volatil Wld
Swedbank Robur Access AsienAlcur Grow
DNB Global IndeksEspiria 90