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BAMOSZ: Investment fund assets edge down 0.4% to HUF 5.699 tln in January

Assets in investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) fell by HUF 21.5 billion or 0.4% to HUF 5.699 trillion in January, BAMOSZ said, according to Hungarian news agency MTI.

Assets in money market funds rose 1.6% to HUF 1.328 tln on deposits of HUF 20.4 bln.

Assets in bond funds edged down 1% to HUF 1.301 tln as yields only marginally offset investorsʼ withdrawals worth HUF 17.2 bln.

Mixed fund assets fell 1.8% to HUF 766 bln as clients made withdrawals of HUF 6.3 bln.

Assets in share funds decreased by 5.8% to HUF 252 bln on withdrawals of HUF 1.2 bln and weak yields.

Assets in capital-guaranteed funds dropped 6.1% to HUF 422 bln as yields were negative and net withdrawals grew to HUF 9 bln.

Absolute-yield fund assets were down 1% at HUF 728 bln. Clients made withdrawals worth HUF 5.7 bln and yields were negative here as well.

Property fund assets rose 3.7% to HUF 576 bln as the funds drew fresh funds worth more than HUF 13.2 bln.

Positive yields raised commodity market fundsʼ assets by 3.4% in January to HUF 15 bln.