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Mutual funds report negative net sales of €26.4 million

Open-end mutual funds administered by members of the Slovak Association of Asset Management Companies (SASS) reported an outflow of €26.398 million in the fourth week of this year.

Open-end mutual funds administered by members of the Slovak Association of Asset Management Companies (SASS) reported an outflow of €26.398 million in the fourth week of this year.

Sale of new shares reached €30.163 million, while buyback amounted to €56.561 million. Mixed funds and so-called other funds were the only funds, with negative net sales of €1.612 million and €31.855 million respectively. The high volume of negative net sales in the so-called other funds meant that the sum of net sales on the market was negative last week, although other categories of funds reporting positive net sales: money market funds of €2.695 million, bond funds of €3.629 million, equity funds of €0.343 million, funds of funds of €0.399 million and special real estate funds of €2,600, the SASS told the SITA newswire. SITA

Compiled by Zuzana Vilikovská from press reports
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