Investment fund assets increase in May
The total amount of investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ), increased by 0.35%; yields and capital inflow was also up slightly in May, the association reported in a press release.
According to the announcement, BAMOSZ members managed a total of HUF 5.6 bln in investment funds in May. Assets in money market funds fell 1.2% to HUF 1.365 trillion; however, it is important to note that the rate of decline is lessening, the release said. Assets in bond funds decreased by 0.9% to HUF 1.282 trillion, as investors withdrew funds worth HUF 14.5 bln.
Mixed fund assets grew by 2.3%, as HUF 17.7 bln came into the funds, while property fund assets rose 1.3% to HUF 486 bln, the announcement said. The release also noted that the exchanges of developed countries decreased slightly, while the exchanges of developing countries decreased significantly. The Hungarian index was closer to the developed countriesʼ index in May.
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