Investment fund assets little changed in February
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.
MET Group Records 2nd Most Profitable Year in 2023
Gov't Considering Fuel Price Intervention
Nat'l Economy Minister Presses for Incentives to Boost E-Mob...
Time Out Market to Open in Budapest Next Year
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.
