The net asset value of liquidity funds fell 30% to HUF 453.1 bln, while assets of money market funds dropped 28% to HUF 270.5 bln.

The net asset value of absolute yield funds rose 35% to HUF 1,147.8 bln, while assets increased 41% to HUF 1,097.7 bln for funds investing directly in real estate.

Compared to the second quarter, the net asset value of investment funds was up by 1.2% from HUF 6,225.5 bln.

In the third quarter of the year, the MNB collected data from 71 investment fund managers overseeing a total of 649 funds.

Around HUF 468 bln of assets were managed by private investment funds, while HUF 5,834.3 were managed by public funds.