Volume of client assets up 3.6 billion crowns in Q2

The volume of assets Czechs have deposited in mutual funds grew by over 3.6 billion crowns (199 million USD) to total 216.6 billion crowns (12 billion USD) in the second quarter of 2009. The data was released on Monday by the Capital Market Association who said that last quarter’s figures constituted the first rise in assets in over a year. Equity funds registered a growth of .39 billion crowns, while mixed funds and secured funds also saw an increase in investment. Money markets performed the worst, losing 1.4 billion crowns in the second quarter. Real estate and bond funds also reported a fall in assets. The Capital Market Association said that a ‘major part of the increase’ came from growth in the market and the appreciation of assets already in funds.