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

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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.

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