BAMOSZ: Investment fund assets edge up 0.2% in December

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Assets in investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) rose by 0.2% to HUF 5.721 trillion in December, BAMOSZ said yesterday.

Assets in money market funds rose 3.2% to HUF 1.307 tln on net investments of HUF 35.3 billion.

Assets in bond funds dropped 1.1% to HUF 1.315 tln as yields only partly offset investorsʼ withdrawals of HUF 14.2 bln.

Mixed fund assets rose 1.7% to HUF 766 bln as the funds attracted HUF 4.7 bln in fresh capital.

Investors withdrew HUF 1.8 bln from share funds, and assets in the funds fell 3.6% to HUF 268 bln.

Mixed fundsʼ assets dropped 0.6% to HUF 780 bln despite net unit purchases of HUF 2.4 bln.

Negative yields cut the assets of guaranteed funds by 4.1% to HUF 449 bln.

Absolute-yield funds attracted HUF 2.8 bln in fresh capital, but assets were unchanged at HUF 736 bln as negative yields weighed.

Investors put net HUF 20.4 bln into property funds in December, and, with moderate price gains, these fundsʼ assets rose 3.9% to HUF 556 bln.

Commodity market funds attracted some fresh money in December and their assets rose 1.4% to HUF 14 bln.

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