Hungarian investment fund assets up 0.4% in June, says BAMOSZ

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Assets in investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) were up 0.4% or HUF 23 billion from the previous month at HUF 6.024 trillion at the end of June, BAMOSZ said yesterday, according to Hungarian news agency MTI.

Assets in money market funds fell 3.3% to HUF 802.5 bln on net divestments of HUF 18.3 bln. Assets in bond funds were down 0.3% at HUF 1.218 tln on withdrawals of HUF 4.7 bln. Mixed fund assets were up 2.6% at HUF 869.3 bln as the funds attracted fresh capital of HUF 24 bln. 

Assets in share funds grew 1% to HUF 338.3 bln as the funds drew fresh investments of HUF 6.1 bln. Assets in principal-protected funds fell 7% to HUF 250.6 bln on withdrawals of HUF 32 bln related to expiries. Assets in absolute-yield funds grew 2.7% to HUF 1,021 tln as the funds drew fresh investments of HUF 27.8 bln.

Assets in derivative funds fell 1.4% to HUF 187.2 bln although sales exceeded redemptions by HUF 1.5 bln. Assets in property funds grew 1.5% to HUF 969.1 bln as the funds attracted fresh funds of HUF 12.8 bln. Assets in commodity market funds rose 3.5% to HUF 43.2 bln as the funds attracted fresh capital of HUF 3.1 bln.

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