ADVERTISEMENT

Hungary investment fund assets edge up 1.6% in August

Telco

Assets in investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSz) edged up 1.6% to HUF 3,207 billion in August from the same month a year earlier as yields outweighed net withdrawals, BAMOSz said on Thursday.

Assets of open-ended securities funds, which account for 61.7% of all investment fund assets, rose 1.7% in August.

Assets in money market funds climbed 1.8% to HUF 1,279 billion.

Bond fund assets increased 1.6% to HUF 340 billion.

Assets in share funds rose 1.4% to HUF 242 billion as yields compensated for net withdrawals.

Assets of property funds increased 0.7% to HUF 355 billion.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.