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

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