GSAM is stepping into the gold asset class.
Name
Distribution
Investors continued to shun risky assets, resulting in net inflows to bond funds touching £454m out of the total £920m across all fund categories for the month.
Nearly half (46%) of the worldwide fund net sales in the second quarter of 2020 went into long-term funds.
The institutional investors comprising pension funds, joint stock companies and municipalities net subscriptions for all types of fixed income funds stood at NOK 3.4bn (€310m) in August.
Assets of Swiss investment funds increased by CHF 22.5bn or 1.8% in August, motivated by positive stock exchange movements and intensified capital inflows.
The number of notified foreign funds rose by 277 during the first half of 2020, according to the latest report by the Austrian Financial Market Authority (FMA).
Assets invested in sustainable funds have overtaken the €100bn mark in Germany, according to fund industry association BVI.
Swedish fund recorded total new savings of €880m (SEK 9.1bn) while funds domiciled in Finland had net subscriptions of €343m in August.
The disorderly exit from the Brexit transition period and the refusal to seek an extension saw £1.2bn net outflows from UK-focussed equity funds between June and August this year.
