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Investment fund NAV at HUF 10.374 tln

Banking

The net asset value of Hungarian investment funds rose by about HUF 170 billion to HUF 10.374 trillion in March as prices recovered following a dip because of the outbreak of the war in Ukraine and more units were sold than redeemed.

That is according to monthly data released by the National Bank of Hungary (MNB) on its website last week.

Price changes added HUF 85 bln, and net subscription added HUF 82 bln to NAV during the month. Equities funds had the biggest NAV (HUF 3.151 tln), followed by real estate funds (HUF 2.631 tln), mixed funds (HUF 2.002 tln) and fixed income funds (HUF 1.525 tln) at the end of the month.

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