EUROPE - UCITS funds posted a net inflow of €22bn (US$30.6bn) for the first quarter of 2009 after six consecutive quarters of outflows, data by the European Fund and Asset Management Association (EFAMA) reveals.
The association said this development reflected both strong inflows into money market funds of €52bn and a deceleration of net outflows from long-term UCITS - from €140bn in the fourth quarter of 2...
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