Poland’s investment funds recorded net inflows of PLN 560 million in July, a report by asset management lobby IZFiA showed. Cash and money funds recorded PLN 1.3 billion inflows, followed by mixed funds with PLN 162 million.
On the other spectrum were the absolute rate of return and debt funds which suffered PLN 490 and PLN 404 million outflows respectively.
“The middle of the holidays was undoubtedly a quieter month for the funds than in the last year. It is good news that outflows in any particular segment have turned into a longer trend. It seems that today, with the favorable economic environment for low rates and fast economic growth, it would be impossible,” said Marcin Dyl, president of IZFiA.