Assets in money market funds plunged 87% to HUF 81 bln, after a restructuring prompted by the application of stricter operating conditions under a European Union directive.
Assets in bonds funds were up 22% at HUF 1,378 bln.
Assets in mixed funds increased 3% to HUF 1,094 bln, and assets in equities funds rose 8% to HUF 422 bln.
Assets in funds of funds edged up 2% to HUF 1,314 bln.
Assets in absolute yield funds declined 14% to HUF 910 bln, while assets in real estate funds jumped 40% to HUF 1,649 bln.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
