Slovak bond mutual funds performed poorly in 2013, ending it with a negative return of 0.23% compared to a 9.54% yield a year earlier, Hospodarske Noviny daily reported, quoting its own calculations based on figures of the Slovak Association of Asset Management Companies (SASS). In 2013, the funds' performance was affected by development concerning the U.S. Federal Reserve. In the spring there were speculations that the reserve will change its monetary policy by trimming purchases of government and mortgage bonds. According to the latest official data, net sales of Slovak mutual funds almost doubled m/m in November 2013 to EUR 131.2mn from EUR 69.9mn in October. For the first eleven months of the year, the total net sales of mutual funds reached EUR 750.53mn .
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