€167 million of new capital was placed in July. Additionally, the fund capital grew due to favorable market developments. The combined value of fund capital at the end of the month was €144 billion.
In July, new capital was invested in short-term bond funds totaling €119 million, and in long-term bond funds totaling €28 million. Equity funds received a total of €44 million in new capital, while balanced funds received €21 million. A total of €43 million was redeemed from alternative funds.
