BERNARD Short Les Echos
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01/12 - 05/12 Purchase La Cage aux Folles Tickets playing in Gammage Auditorium, Kennedy Center Eisenhower Theater. La Cage aux Folles is playing in Tempe, Washington and West Palm Beach. La Cage aux Folles tickets
02/12 - 12/11 Bag Cats Tickets performing in Tennessee Theatre, Van Wezel Performing Arts Hall. Cats is performing in Knoxville, Sarasota and Greensboro. Cats tickets
Between April and June 2010, mutual funds and mutual funds suffered a strong funds. Only the category "diversified" still seduces savers. Diversified funds have the opportunity to change their allocation of assets on markets, for example, to be heavily invested in rate and bonds when stock markets are disappointing or to be strongly placed tickets for San Francisco Ballet in shares when the stock market are favourable.
Always affected by requests for redemptions, the French market and Sicav has experienced during this 2nd quarter real settlement, indicates EuroPerformance, agency of measurement and analysis of the performance of the Fund. 5.5 Billion euros by investors in early addition to now redemptions of-28,2 billion euros this quarter, with the funds on 12 months of the French funds to-50,8 billion euros. French collective management saves a strong decline of-5 of its outstanding in the 2nd quarter of 2010. At 828.6 billion euros in outstanding at end of June 2010, it is the level of June 2009.
The general decline of asset markets heavily weighed on the French funds performance. Despite the net decline in the euro against other currencies, which allowed the funds invested outside the euro area to limit the negative impact of the market in may, the performance effect reveals a loss of-13,9 billion euros in the second quarter.
In this context, excluding funds diverse and flexible, all categories of funds are funds.
-For a year, cash regular funds compartment is evolving in a La Cage aux Folles ticket fairly clear tickets for La Cage aux Folles Cats tickets tendency of funds. Thus, they are-23,9 billion euros of outgoing flows that could be found in the last three La Cage aux Folles tickets months, with the funds on 12 month to-77,9 billion euros. The outstanding amount of these funds is reduced to a lower level of 30 months (January 2008), to 345,5 billion euros.
-Cash dynamic categories were also should respond to requests for redemptions, thus putting an end to three consecutive quarters of collection. Withdrawals amounted to 2.8 billion euros.
-Funds obligations for several months well placed San Francisco Ballet tickets in terms of collection, eventually be reversed abruptly in the second quarter. NET subscriptions rose an average quarterly collection of 2.7 billion euros, since the 2nd quarter of 2009, share repurchases of-377 million euros for this past quarter.
-On funds actions, requests for redemptions-3 billion euros recorded in the quarter were reduced to nil the collection of the beginning of the year, tickets for Cats and have put an end to four consecutive of net capital inflows quarters. Apart from the compartments Cats shares International ( 375 million euros) and shares America ( 358 million), for which the application still not decelerating, the other geographical and sectoral categories have been covered by such withdrawals. Bringing together EUR 183 billion, the fund shares outstanding moves back-7.5 in the quarter.
-Convertible bonds Fund have strongly reacted to the unfavourable environment of recent months. Thus, outstanding displays sensitive reduction of 8,5 from first quarter, to EUR 12 billion.
-Requests for redemptions were not spared the absolute performance category with-777 million euros of outgoing flows Cats ticket in the quarter. The stock folds to 3.6 and now 17.5 billion euros.
-L' matching funds of a total guarantee outstanding even San Francisco Ballet ticket contracted (4.3) to EUR 56.7 billion, under the weight funds matured during this quarter. Nevertheless, the Fund still open marketing continued to attract strong quarterly collection of 1.6 billion euros.
-The category of funds to form presents a relatively stable stocks (7.4 billion) with incoming streams of 4 53 million euros.
-Investment flows in index funds in the month of April and may, was wiped out by strong buybacks of-1.2 billion euros in June. At the end of quarter, the quasi-général context of livrets eventually extend to passive management. At EUR 60.7 billion, the outstanding amount of passive management lost-5 for this quarter and found his level of beginning of the year. Not remains that the collection remains positive since January, at about La Cage aux Folles 1.9 billion euros.
To multiple clashes of asset markets, is that the demand for diversified funds Euro and international remained unflappable bringing San Francisco Ballet 4.1 billion euros in the quarter. Diversified funds outstanding rose 2 in the quarter, to EUR 97.5 billion.
The three cases examined are the following1500 places by 2012 and the cost differentialsA new wave should tumbled down in SeptemberBut all this date from before the Bank of businessWe need more communication on the subjectwhile some suggest an amount of 33 billion4 billion of securities at the price of 3This ambition comes already on the groundIt is already too late to ask the questionOn this plan the State must be more voluntarism
