BAMOSZ investment funds grow 1%
Investment fund assets managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) experienced a rise of 1% reaching HUF 5.418 trillion in September month-on-month, BAMOSZ reported today.
According to BAMOSZ's publication, bond and mixed funds attracted the most fresh capital during the month. Investors in money market funds were net sellers.
Hungarian news agency MTI reported that assets in bond funds rose 3.5% to HUF 1,194 bln, while net sales of units came close to HUF 40 bln. Mixed fund assets climbed 5% to HUF 563 bln, lifted by net sales of HUF 30.5 bln. Money market fund assets dropped 2.3% to HUF 1,526 bln. Assets in property funds reached HUF 461 bln at the end of the month.
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