Investment funds assets down 0.18% in October, says BAMOSZ
Assets in investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) were down 0.18% from the previous month at HUF 5.666 trillion in October, BAMOSZ said today, according to Hungarian news agency MTI.
Assets in money market funds fell 2.7% to HUF 990.7 billion on net redemptions of HUF 27.94 bln. Assets in property funds grew 1.6% to HUF 695 bln as net sales of units reached HUF 7.68 bln. Assets in derivative funds rose 5.9% to HUF 163 bln on net unit sales of HUF 1.74 bln.
Assets in bond funds were down 0.1% at HUF 1.3 tln as investors made net investments of HUF 3.76 bln. Mixed fund assets rose 0.4% to HUF 757 bln even on net sales of HUF 1.56 bln. Assets in share funds increased 2.6% to HUF 271 bln as net divestments reached HUF 375 million.
Assets in principal-protected funds fell 7.2% to HUF 347 bln as net redemptions reached HUF 13.32 bln. Assets in absolute-yield funds were up 1.4% at HUF 784 bln with net sales of HUF 2.53 bln. Assets in commodity funds rose 5.2% to HUF 24.1 bln as net investments were at HUF 555 mln.
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.