Italy’s mutual funds reported €3.1 billion outflow in June 2011, The Wall Street Journal reports. The bond funds faced €1 billion outflows, while equity funds saw €502 million redemptions.

The liquidity funds also reported €1 billion outflow. Banca Generali, Mediolanum and Azimut Holding are part of the Italian mutual fund sector in Italy.

Click here for the story from The Wall Street Journal.