Fund inflows drop in October

The value of inflows to Polish investment funds declined by 3.1 percent month-on-month to PLN 203.22 billion in October, according to data from the Chamber of Fund and Asset Management (IZFiA) quoted by ISBnews. Since the beginning of this year, investment funds’ net assets have grown by 7.6 percent. The assets under management of funds investing into mortgage-backed and asset-backed securities grew by PLN 0.2 billion or 9 percent m/m. The second most popular category was cash and money market funds, whose assets grew by 4.1 percent or PLN 1 billion.