Investment fund assets little changed in February

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Assets in investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSz) edged up 0.3% to HUF 3,193 billion in February from the previous month, BAMOSz said on Tuesday.

Investors took out net HUF 23 billion from the funds in February, but yields offset the withdrawals.

Assets in money market funds slipped 0.7% to HUF 1,227.2 billion on net withdrawals of HUF 14.7 billion.

Assets in bond funds increased 0.4% to HUF 308.4 billion.

Assets in share funds rose 2.8% to HUF 272.6 billion.

Assets in property funds declined 1.8% to HUF 370.1 billion.

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