Inflows to investment funds higher than withdrawals

Net inflows into Polish investment funds amounted to zł.0.86 billion in July, according to data from the Chamber of Fund and Asset Management (IZFiA) quoted by the Polish Press Agency. This was the 22nd consecutive month with inflows higher than withdrawals. According to the IZFiA, “the Polish fund market has become so deep-rooted that it is successful in retaining customers regardless of the situation is various groups of assets.” Bond funds attracted the largest share of new inflows, gaining more than PLN 1 billion net, while cash and money market funds saw a net influx of PLN 0.45 billion. In the case of equity funds, the balance was negative and stood at nearly PLN 0.37 billion in outflows.