TFI assets grew by 0.6% in July

The assets of Polish investment funds (TFIs) grew by 0.6 percent month-on-month to PLN 281.5 billion in July, according to Analizy Online and IZFiA.  Similarly to the previous months, assets of cash and money funds showed the highest growth (2.3 percent m/m). For the first time since January, the positive asset dynamics was recorded by mixed funds (an increase of over PLN 0.4 billion, i.e. by 1.4 percent m/m). The growth was due to positive management results and net inflows.