Performance of Investment Funds Drops Further in September

Business › n.a. ♦ Published: October 12, 2011; 22:06 ♦ (Vindobona)

The average one-year performance was -3.74%. Only 526 out of 1,614 funds showed a positive performance.

Performance of Investment Funds Drops Further in September / Picture: © Vindobona.org

According to statistics of the Association of Austrian Investment Companies (Vereinigung Österreichischer Investmentgesellschaften, VÖIG), September was another disappointing month for the industry. The performance achieved was on average -3.74%. Out of the 1,614 funds which had been on the market for at least a year only 526 achieved a plus. 1,087 showed a negative one-year…

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