Italian funds see 1.4 bln euro outflow in June

MILAN, July 6 (Reuters) - Italian mutual funds saw net outflows of 1.426 billion euros in June, Italy's fund management association Assogestioni said on Monday.

Mutual funds saw inflows of 1.571 billion euros in May, the first time since August 2007 that flows were positive.

Stock funds showed a net outflow of 62 million euros, from a net inflow of 587 million euros in May.

Bond funds registered a net outflow of 560 million euros from a net inflow of 257 million euros in May.

Shares in Italian asset managers such as Mediolanum SpA (MED.MI) and Eurizon, owned by Intesa Sanpaolo SpA (ISP.MI), are sensitive to the data as inflows boost their income from fees.

Further details can be found on the association's website www.assogestioni.it.