Spectator on facebook

Spectator on facebook

Slovak investors losing faith in mutual funds

In October, the influx of finances invested in open-end mutual funds dropped to their lowest levels this year. Volatile development on global equity markets was behind these results, the National Bank of Slovakia (NBS) stated.

Slovak investors showed further distrust in mutual funds, with the exception of relatively safe money market funds. The net value of assets in open-end mutual funds in Slovakia denominated in Slovak crowns decreased for the first time this year to Sk132.1 billion. Monthly net sales reached roughly Sk700 million. Funds denominated in foreign currencies reported slightly negative net sales.

As usual, money market funds posted the biggest monthly net sales in October. Special funds, real estate and secured funds posted net sales of about Sk100 million. On the other hand, bond funds, equity and mixed funds continued posting negative net sales of roughly Sk500 million. Net sales of all categories of open-end mutual funds in Slovakia denominated in Slovak crown as well as in foreign currencies amounted to about Sk700 million. SITA

Compiled by Zuzana Vilikovská from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Kysuce highway stalled due to missing money

Money is missing to finish the section of highway between Žilina and Poland, stopping the completion of the D3 highway project.

Road-blocking protest in Povina, Kysuce, demanding completion of highway bypass - February 16.

Slovak film won Generation Kplus section at Berlinale

The film Little Harbour that won the Crystal Bear – beating movies from many other countries - is the work of (mostly) Slovak women.

Director of Little Harbour, Iveta Grófová, with the Cristal Bear

State insulation falls behind expectations, ministry widens support

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the insulation programme.

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the state insulation programme. Illustration stock photo

US philosopher with Slovak roots, Michael Novak, dies

The man who advised politicians and even presidents Gerald Ford and James Carter died on February 17, aged 83.

Michael Novak