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The funds registered repayments of 36 million in August, with a return of 1.2%

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National investment funds recorded net repayments of 36 million euros in the month of August, although they increased their assets by 2,850 million euros, thanks to the average profitability offered of 1.2% that month, according to Inverco data.

Total equity in mutual funds amounts to 265,258 million euros at the end of August, a growth of 1.1% compared to the previous month, and the fifth consecutive month of increase. Thus, the volume of funds has grown by 7.2% since the March adjustment, but is still 4.1% below the beginning of the year.

"Participants presented a flat behavior in terms of flows", has pointed out the Association of Collective Investment Institutions and Pension Funds, which highlights the "positive investment behavior"during the third quarter, with more than 646 million euros of net subscriptions during the two summer months.

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