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Net asset value of investment funds rises to HUF 10.430 tln

Banking

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Net asset value of Hungarian investment funds rose to HUF 10.430 trillion at the end of December, state news wire MTI reports, citing monthly data released by the National Bank of Hungary (MNB).

NAV was up 26.5% from 12 months earlier and 5% higher than in November. 

Net subscription reached HUF 400 billion in December, while price changes raised NAV by HUF 76 bln and foreign exchange rate changes added HUF 15 bln to the total.

Equities funds had the largest NAV (HUF 3.007 tln), followed by real estate funds (HUF 2.593 tln), mixed funds (HUF 2.089 tln), and bond funds (HUF 1.618 tln).

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