Despite double-digit gains of the local stock market in July, investors dumped balanced and mixed funds and were agnostic on equity vehicles. Flows into short-term funds were strong, however.
Equity, fixed-income funds posted strong returns in June
July 25, 2016 by
In the year through June, the industry recorded net sales of BRL 38.1 billion (USD 14 billion), 29.5% more than in the same period last year, led by the Fixed Income and Pension funds.
