BAMOSZ: Investment fund assets edge up 0.39% in October
Assets in investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) rose by HUF 21.8 billion or 0.4% to HUF 5.663 trillion in October, BAMOSZ said today, according to Hungarian news agency MTI.
Assets in money market funds fell 2.4% to HUF 1.361 tln on withdrawals of HUF 33.4 bln.
Assets in bond funds edged down 0.2% to HUF 1.244 bln as yields only partly offset investorsʼ withdrawals worth HUF 2.8 bln.
Mixed fund assets rose 1.7% to HUF 766 bln as the funds attracted fresh funds of HUF 4.7 bln.
Assets in share funds grew 5.4% to HUF 268 bln as the funds drew fresh funds of HUF 495 mln and as a result of yields.
Assets in capital-guaranteed funds grew 0.4% to HUF 478 bln as yields more than compensated withdrawals of HUF 2.5 bln.
Absolute-yield fund assets grew 1.2% to HUF 721 bln. The funds attracted fresh funds of HUF 1.3 bln.
Property fund assets rose 1.7% to HUF 518 bln as the funds drew fresh funds worth more than HUF 7.4 bln.
Negative yields cut commodity market fundsʼ assets by 1.4% in October.
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.