The European Fund and Asset Management Association (EFAMA) has confirmed that the last quarter of 2011 saw a reversal of cash net outflows as investment fund assets worldwide increased by as much as 7.5% to reach €19.97 trillion at the end of the year.
These latest figures show that worldwide net cash flows into investment funds returned to positive territory during the last quarter, registering net inflows of €83bn, against net outflows of €104bn in the previous quarter. The turnaround, says EFAMA, is attributable to positive net inflows into both long-term funds and money market funds. Long-term funds - which includes equity, bond and mixed funds - recorded net inflows during the fourth quarter of €11bn as opposed to net outflows of €58bn in the previous quarter. Money market funds experienced quarterly net inflows for the first...
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