BRATISLAVA, August 23, (WEBNOVINY) — The outflow of investments from open-end mutual funds has slowed down last week but still amounted to millions of euros. After members of the Slovak Association of Asset Management Companies suffered negative net sales of almost EUR 160 million in the second week of August, mutual funds closed the week ending August 19 with EUR 34.6 million negative net sales. The gloom on global markets influences local investors that are withdrawing their money from almost all fund families.
Money market funds posted an outflow of EUR 24.2 million. Master funds closed the observed period almost EUR 9 million in the red. Bonds funds had negative net sales of EUR 7.3 million, equity funds EUR 5.9 million and mixed funds were EUR 4.2 million. Net sales of so-called other funds were negative EUR 2.9 million. Special real estate funds, on the contrary, posted positive net sales of EUR 18.8 million.
Asset manager Prva Penzijna reported the highest net sales of EUR 18.4 million, followed by Alico Funds Central Europe with EUR 353,400. Tatra Asset Management and VUB Asset Management reported the highest outflow of money at EUR 20.3 million and EUR 14.8 million, respectively. As for individual funds, PP-Nas Prvy Realitny s.p.f. did best with net sales of EUR 19.2 million, followed by TAM SmartFund with EUR 979,700.
SITA
