The latest figures from the European Fund and Asset Management Association (EFAMA)record net outflows of EUR30bn from money market funds, but increased interest in balanced and bond funds.
Money market funds experienced net outflows of EUR30bn in the second quarter of 2011, according to the latest Quarterly Statistical Release from the European Fund and Asset Management Association (EFAMA). However, excluding money market funds, UCITS benefited from net inflows of EUR48bn during the quarter, up from EUR39bn in the previous quarter. Total net assets of UCITS decreased by 0.5 percent in the second quarter to reach EUR 5,921bn over the quarter. Money market funds experienced the highest asset decrease, falling by 3.0% followed by equity funds, which fell by 1.2%. Net asse...
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