Business News

Investment in Mutual Funds at Six-Year High

Ljubljana, 22 October (STA) - Mutual funds in Slovenia managed EUR 2.132bn in September, the highest amount since August 2008. At EUR 9.169m, the positive cash flow was the highest since May 2010, according to the portal.

The inflow into mutual funds in the period between January and September exceeded by EUR 23.85m the amount of outflow with the highest amount of new investment attracted by mutual equity funds (EUR 22.53m).

Funds operated by Slovenian asset managers expanded by 0.31% in September, while foreign ones recorded a negative yield of 1.28%.

The difference in yield is even more apparent for the first three quarters of the year when funds operated by domestic firms generated an average yield of 7.04%, as opposed to 2.94% by the foreign ones.

September also saw an increase in the yield of mutual funds investing in Slovenian stocks while equity funds in general lost 0.92% on average. Meanwhile bonds funds recorded a 22% growth.

The worst performing were the funds investing in companies whose main line of business is precious metals, while those investing into companies in the field of health did best.

The most profitable fund since the beginning of the year is NLB Skladi - Slovenija, which recorded 74.42% growth, followed by funds investing into India (27.42%).

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