Investment Fund Subscription at HUF 451 bln
Image by Watchara Ritjan / Shutterstock.com
The net subscription of units of Hungarian investment funds reached HUF 451 billion in January, rising from HUF 412 bln in December, according to monthly data released by the National Bank of Hungary (MNB) on its website.
The net asset value of Hungarian investment funds reached HUF 18.703 trillion at the end of January. Price changes added HUF 118 bln to NAV, and exchange rate changes raised the value by HUF 33 bln during the month.
The investment fund NAV was up from HUF 13.185 tln 12 months earlier. Fixed income funds had the biggest NAV (HUF 6.142 tln), followed by equities funds (HUF 4.614 tln), real estate funds (HUF 3.605 tln) and mixed funds (HUF 2.44 tln) at the end of the month.
There were 880 investment funds under the oversight of the MNB in January, one more than the month before.
Erste Bank Hungary Q1 Earnings Close to HUF 29 bln
Hungary Welcomes Extension of China's Visa Exemption Policy
Living's Kassák Terrace and Park West 3 Classified as Brownf...
Aldi Opening Biggest Store in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
.jpg)
