Investment funds assets down 0.18% in October, 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 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.

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