Investment fund assets reach HUF 5.627 trillion in April

Telco

Assets in investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) rose HUF 36.4 bln to HUF 5.627 trillion in April, BAMOSZ said yesterday, according to state news agency MTI.

Assets of shares, derivatives, "absolute-yield" and real estate funds were all up. Assets in money market funds fell 1.3% to HUF 1.382 trillion on withdrawals of HUF 17.8 bln. Assets in bond funds dropped 0.8% to HUF 1.294 trillion as investors withdrew funds worth HUF 8.3 bln. Mixed fund assets rose 3.4% to HUF 740 bln pursuant to the funds attracting fresh funds in the amount of HUF 23 bln.

Assets in share funds grew 4% to HUF 276 bln as the funds drew fresh funds of HUF 3.3 bln. Assets in capital-guaranteed funds fell 2% to HUF 492 bln on withdrawals of HUF 5.4 bln. Absolute-yield fund assets grew 3% to HUF 705 bln as the funds attracted fresh funds of HUF 13.8 bln. Property fund assets rose 1.4% to HUF 480 bln as the funds drew fresh funds worth more than HUF 5 bln.

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