The net subscription was up from HUF 254 bln in January but under the HUF 438 bln figure recorded in December.
The net asset value (NAV) of Hungarian investment funds reached HUF 13.457 trillion at the end of February. Price changes added HUF 28 bln to NAV, but exchange rate changes subtracted HUF 44 bln during the month.
The investment fund NAV was up from HUF 10.289 tln 12 months earlier. Equities funds had the biggest NAV (at HUF 3.852 tln), followed by fixed income funds (HUF 3.084 tln), real estate funds (HUF 3.046 tln), and mixed funds (HUF 2.06 tln).
There were 870 investment funds under the oversight of the MNB in February.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
