An increase in bond and money market funds was the key development in the latest investment sales and asset data from the European Fund and Asset Management Association (EFAMA).
While the March 2012 figures do not take into account the most recent Euro crisis, the figures highlight continued investor caution. The EFAMA report said that UCITS enjoyed a surge in net inflows in March totaling EUR 47 billion, representing a significant increase compared to February when net inflows amounted to EUR 19 billion. According to EFAMA the increase can be attributed to a significant increase in net sales of bond and money market funds. Bond funds recorded a leap in net inflows during the month to EUR 26 billion, up from EUR 9 billion in February. Balanced funds als...
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