Stockholm-based Skandia said today that its sales for September were noticeably affected by the terrorist attacks of Sept. 11, falling 1.3 billion kronors (about $123 million) between August and September.

"Since the stock markets in the USA were closed for nearly a week in September, no trading could be conducted in funds containing American stocks, which affected sales negatively in most markets," the company said in a statement.

Sales for the firm, which provides mutual fund and annuity products, feel from 9.7 billion kronors ($917 million) in August to 8.4 billion kronors ($796.2 million) in September.

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