Small Investors Shift Focus to Defense and US Tech Stocks

Higher risk appetite and more focus on defense and American technology. This is how small investors acted in July, shows monthly statistics from online brokers Nordnet and Avanza.

» Published: July 30 2025 at 07:36

Small Investors Shift Focus to Defense and US Tech Stocks
Photo: Avanza och Janerik Henriksson/TT

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In July, global funds were again the most popular among Swedish fund purchases. Avanza's private economist Felicia Schön says in a comment that global funds have gotten revenge after being weighed down by tariff threats and dollar weakening. Both online brokers have seen increased interest in technology funds, which also have a large weight on the US stock market.

"After a spring with lukewarm interest in American technology, fund savers have now regained their appetite in line with the strong recovery of the American stock markets"

Among Avanza's best-selling funds are also defense funds.

Nordnet notes that small savers sold low-risk funds. Among the most sold funds with the online broker, several interest funds were found.

"It testifies that one is positive to the stock market, that one looks with confidence at the development even ahead and is in less need of the "parking space" that a short-term interest fund often is in more turbulent times", says Nordnet's savings economist Frida Bratt in a comment.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers
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