Investment fundsʼ net assets climb over HUF 6,300 bln in Q3
The combined net asset value of investment funds in Hungary rose 7.2% to HUF 6,303.2 bln in the twelve months to the end of September 2017, fresh data published by the National Bank of Hungary (MNB) show, as reported by state news agency MTI.
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.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
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.
