Global fund assets drop despite rise in net cashflow
Money poured into long-term bond funds in the US and Europe in the third quarter of 2010, yet the overall asset figure slid 0.6% on the back of a €24 billion equities outflow in the US.
Investment fund assets worldwide saw a marginal quarter-on-quarter fall to September 30 last year, despite an increase in overall net cashflow in particular into long-term bond products, new figures show.
Fund assets dropped 0.6% to €17.36 trillion ($23.8 trillion) globally by the end of the third quarter, according to data from the European Fund and Asset Management Association (Efama) covering 45 countries.
Net cash inflow to all funds increased to €156 billion for the period, the h…
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