BRATISLAVA, August 5, (WEBNOVINY) — Open-end mutual funds have reported the worst month since early 2009 in June. According to information disclosed by the National Bank of Slovakia (NBS), mutual funds saw an outflow of EUR 62.4 million in June, which was the highest figure since February 2009. The June data only highlighted this year’s so-far weak sales, which after six months of this year represent negative EUR 45.3 million on a cumulative basis.
The decreasing confidence of investors in collective investing affected most types of mutual funds, leaving only the real-estate funds, mixed and equity funds in the black. In the sixth month, money market funds reported the highest negative net sales of EUR 51.9 million. At the same time, the inflow into money market funds was interrupted after nearly two years, when they reported negative net sales of EUR 10.5 million in June.
Considering other categories of funds, the so-called other funds reported outflow of EUR 18.6 million, bond funds of EUR 13.7 million, and master funds of EUR 3.7 million. Special real estate funds posted the highest inflow of EUR 13.7 million in the sixth month. Mixed funds closed the month EUR 11.1 million in the black, as well as equity funds with positive net sales of EUR 0.7 million.
SITA
