GLOBAL - Net outflows from long-term investment funds worldwide slowed to €5bn (US$7.1bn) in the first quarter of 2009 after an average outflow of €211bn per quarter in the second half of 2008, data by the European Fund and Asset Management Association revealed.
The latest Trends in the Worldwide Investment Fund Industry survey by EFAMA found net outflows from equity funds slowed down in the first quarter, from €92bn at the end of 2008 to €31bn at the end ...
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