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

Kiska appoints Pellegrini cabinet

The president approved the new government, despite some reservations. The new PM promises to investigate the murder of the journalist and his fiancée.

Peter Pellegrini's government

There is still work to be done

2018 is not a re-run of 1989, but there is a connection.

Bratislava, March 16

Organisers cancelled the Bratislava protest

But they are ready to monitor the steps of the new government closely and return to streets when necessary.

Andrej Kiska met with the representatives of the For a Decent Slovakia initiative.

Italian journalist: The Courts say that the Vadalas are from ‘Ndrangheta. That’s all there is to it

The annual turnover of ‘Ndrangheta is 60 billion dollars, investigative reporter Albanese says.

Italian journalist Michele Albanese