TFIs with PLN 3.3 bln outflows in September

Polish investment funds (TFIs) recorded a PLN 3.3 billion net outflows in September, which is the worst result since April this year. “Last month’ poor result was affected mostly by one financial institution which bonds were in possession of numerous TFIs, that’s why it’s hard to analyze the whole market based on this one-month results,” said Marcin Dyl, President of the Management Board of IZFiA.

Overall, last month, TFIs had PLN 5.77 billion in inflows and PLN 9.07 billion in outflows.

Absolute return funds suffered the largest net outflows by far, amounting to PLN 1.5 billion, having recorded net outflows for the tenth consecutive month.

Debt funds followed with net outflows amounting to PLN 574.1 million, followed by equity funds with net outflows at PLN 394.6 million.