Report: Investment fund assets edge up to HUF 5.532 trillion
Assets in investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) increased by HUF 60 bln to HUF 5.5 trillion in January, BAMOSZ reported today.
Due to climbing net sales of units and yield, assets in bond funds grew by 4% reaching HUF 1.293 trillion, while assets in mixed funds increased by 7.5% to HUF 659 bln. Net sales of units came to more than HUF 22 bln for the month.
BAMOSZ said that money market fund assets fell approximately 2% to HUF 1.445 trillion, while net sales of units reached HUF 26 bln. Assets in absolute yield funds dropped by 5% to HUF 688 bln on net sales and negative yields, while share funds' assets rose by 5% to HUF 247 bln and property fund assets were little changed at HUF 477 bln.
ADVERTISEMENT
ÁKK Cutting Premiums on PMÁP
Parl't Approves Amendments to Legislation on Judiciary
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.
