For the complete report in Reuters.co.uk click on this link
European fund sales revive
LONDON (Reuters) - Investors moved into European funds in July as stock markets regained their poise, reversing a record pullout in the previous month, according to a monthly report by Feri, a research company. Net sales of European-based funds stood at 37 billion euros (25 billion pounds) in July. More than 60 percent of the inflows went to short-term money-market accounts, which may suggest investors are still anxious about equity markets, Feri said. In June investors pulled 24 billion euros from funds, nearly twice as much as that which followed shortly after the United States was attacked on September 11, 2001.
European fund flows have become more volatile in recent years because the European investment market tends to be controlled more by professional intermediaries, who react faster to market shifts, Feri has said.
No comments:
Post a Comment