Assets of Czech collective investment funds up 24.9% in June 2012.

By bne IntelliNews August 20, 2012
Net assets of Czech collective investment funds increased by 24.9% y/y to CZK 154.2bn (EUR 6.2bn) as of end-June 2012, speeding up their growth from a 22% annual hike in May, data from the central bank showed. In monthly terms, the funds assets were by CZK 4.2bn higher in June, following a CZK 1.8bn decrease in May. Bond funds registered the strongest monthly growth of CZK 3.8bn to CZK 79.2bn as of end-June. The value of bond holdings increased by CZK 2.5bn on the month to CZK 67.5bn at end-June. The share of equity securities in the funds net assets value shrank to 27.1% from 28.1% in May with their value decreasing by CZK 0.3bn m/m to CZK 41.8bn. There were 217 collective investment funds active in the country as of end-June. Twenty-nine were equity funds, 46 bond funds, 55 mixed funds, 80 real estate funds and seven other funds were active in the Czech Republic as of end-June 2012. Three new collective investment funds started operations in June and three were closed.

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