BRATISLAVA, August 22, (WEBNOVINY) — Mutual funds in Slovakia closed last week in the black again. Overall, funds managed by members of the Slovak Association of Asset Management Companies achieved sales of EUR 31.73 million on redemptions of EUR 29.69 million. Thus, positive net sales in the 33rd week of 2012 reached EUR 2.04 million.
Special funds of securities recorded the highest net sales of the various types of funds last week, amounting to EUR 7.13 million. Bond funds showed inflow of EUR 2.15 million. Overall sales exceeded redemptions also in the case of special funds for professional investors by EUR 1.16 million. Special real estate funds achieved net sales of EUR 560,900 and special funds for alternative investments of EUR 79,500. Equity funds showed inflow of EUR 2,600 last week.
On the contrary, short-term investment funds showed the highest outflow of EUR 3.62 million. Mixed funds posted negative net sales of EUR 1.89 million. Money market funds closed the week slimmer by EUR 1.85 million, short-term money market funds by EUR 717,100, funds of funds by EUR 493,000 and the so-called other funds ended the week with negative net sales of EUR 475,300.
The highest net sales of individual asset management companies in the past week were achieved by Tatra Asset Management, which reported positive net sales of EUR 5.99 million. CSOB Asset Management was next with EUR 1.32 million. VUB Asset Management, on the other hand, recorded negative net sales of EUR 2.11 million. KBC AM + Global Partners + Horizon showed the second highest outflow of EUR 1.19 million.
SITA
