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Assets of investment funds down 0.3% in July

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Assets in investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) were down 0.3% at HUF 6,004 billion in July from the previous month, state news wire MTI reported Wednesday.

Assets in money market funds fell 4.3% to HUF 767.69 bln on net divestments of HUF 33.27 bln.

Assets in bond funds were down 1.9% at HUF 1,194 bln as investors made net divestments of HUF 19.53 bln.

Mixed fund assets were up 1.9% at HUF 886 bln on net sales of HUF 20.56 bln.

Assets in share funds rose 1.4% to HUF 343.2 bln as net sales reached HUF 3.56 bln.

Assets in commodity funds rose 3.5% to HUF 44.77 bln as net investments amounted to HUF 932 mln.

Assets in absolute-yield funds were up 0.8% at HUF 1,029 bln, with net sales of HUF 12.68 bln.

Assets in principal-protected funds fell 5.9% to HUF 236 bln as net redemptions reached HUF 8.12 bln.

Assets in derivative funds dropped 3.3% to HUF 181 bln on net divestments of HUF 2.6 bln.

Assets in property funds grew 2.4% to HUF 992 bln as net investments reached HUF 20.36 bln.

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