During the second quarter of 2011, investment fund assets remained steady at €19.49trn at end June, reports the European Fund and Asset Management Association (EFAMA). In US dollar terms, this means worldwide investment fund assets increased 1.7% during the quarter to US$ 28.17trn.
Further good news can be found in the total net inflows into investment funds increased during the quarter to €147bn, compared to total net inflows of €102bn in the previous quarter. EFMA says this increase comes on the back of increased net inflows into long-term funds, coupled with reduced net withdrawals from money market funds. For long-term funds (all funds excluding money market funds) net inflows increased during the same quarter to €206bn, up from €176bn in the first quarter. Further analysis reveals that bond funds enjoyed a steep increase in net inflows during the quarter t...
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