The European Fund and Asset Management Association (EFAMA) issued its report on the European Funds Industry in the first quarter of 2005. Net flows to equity, bond, balanced and money market funds reached EUR 98 billion in the first quarter, compared with EUR 33 billion in the fourth quarter of 2004 and EUR 15 billion in the preceding quarter. The recovery was mainly due to a sharp acceleration in net flows to bond funds and a rebound - of a seasonal nature -in the demand for money market funds.
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© EFAMA - European Fund and Asset Management Association
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