Bond Funds, which account for € billion of shares/units in issue, and are therefore the largest fund category, experienced minor positive revaluations of € billion, but mostly benefitted from increased confidence in bonds by recording significant new investment of €12 billion, the highest relative inflow of any category. Hedge Funds, which account for € billion of shares/units in issue, also benefitted from positive revaluations and net inflows. Revaluations at €3 billion, or per cent, were not as marked as for equity funds or remaining funds, perhaps due to hedge funds assuming short.
