debt market

Serbia’s Investment Funds Near €2.4 Billion as Corporate Securities Pipeline Expands

Serbia’s investment-fund industry has grown to about €2.4 billion in assets, with roughly 90,000 investors now holding fund investments, but almost four-fifths of those assets remain in money-market funds. Fund assets have increased by about 70% over the past two years and are now almost ten times their level a decade ago, according to figures presented at a capital-markets conference in Belgrade on Sept. 9. Intesa Invest, Serbia’s largest fund manager, has surpassed €1 billion in assets under management. The…