Global equity and fixed income funds drove net new money last month.
Money just keeps flowing into bond funds worldwide, according to the latest weekly figures from Bank of America Merrill Lynch Global Research.
According to data from Assogestioni, funds commercialised in Italy had assets under management of €2.195trn as of end June.
US-China trade tensions have caused investors to shift from equity to bond funds in May 2019, according to the latest data published by European Fund and Asset Management Association (EFAMA).
GVC Gaesco Gestión will manage the World Tourism Equity fund of Capital Asset Management.
The Spanish asset management boutique has reached an agreement with Banco Best.
The fund was recently launched on the Nordic Growth Market (NGM-NDX) and is regulated by the Swedish financial authority.
Assets have fallen 8% year-on-year and 0.2% quarter-on-quarter.
The Swiss manager has signed a fund distribution deal with BTG Pactual.