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Fund flows register positive growth, says EFAMA
01 December 2009
Ucits enjoyed positive net inflows again in the third quarter of 2009.
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EFAMA
fund flows
Ucits
Europe
Ucits enjoyed positive net inflows again in the third quarter of 2009. This happened for the third quarter in a row, confirming the turn-around in net sales of Ucits that started in the first quarter of 2009, says Bernard Delbecque, Director of Economics and Research, EFAMA.
Equally importantly, net inflows rose to €70 billion in the third quarter, up from €30 billion in the second quarter. Sustained demand for equity, bond and balanced funds boosted up the recovery, whereas investors continued to retreat from money market funds as short-term interest rates remained exceptionally low and the liquidity and functioning of fixed-income markets continued to improve.
In this context, long-term Ucits, i.e....
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