Net asset value of investment funds edges up in April

Telco

Photo by Shutterstock.com

The net asset value of investment funds in Hungary rose to HUF 7.211 trillion at the end of April, up by 0.3% from a month earlier, state news wire MTI reports, citing data released by the National Bank of Hungary (MNB).

Image by Shutterstock.com

The combined value of the funds grew by a net HUF 21 billion in April as a result of HUF 78 bln of gains on the exchange rate of forint asset and a HUF 17.8 bln loss on the exchange rate of FX assets and withdrawals reaching HUF 38.7 bln.

The net assets of property funds were at HUF 2.211 tln at the end of April. Mixed fund assets stood at HUF 1.485 tln, bond fund assets at HUF 1.340 tln, assets in share funds were at HUF 992 bln, derivative funds stood at HUF 760 bln, guaranteed fundsĘĽ assets were at HUF 98bn and money market funds were at HUF 63 bln. The asset value of other funds was at HUF 262 bln at the end of the month.

Share fundsĘĽ assets rose by HUF 38 bln in April, making them the biggest gainer while money market funds had the biggest loss with HUF 27 bln of decline of their stock value.

Financial companies held 36% of all net assets, households and non-profits serving households held 50%, non-financial companies 12% and the general government 1%.

Scope Assigns MOL BBB- Issuer Rating Ratings

Scope Assigns MOL BBB- Issuer Rating

Budapest Residents to Weigh in on Rákosrendező Development P... Issues

Budapest Residents to Weigh in on Rákosrendező Development P...

AutoWallis Becomes Importer of Geely Group’s Commercial EV B... Automotive

AutoWallis Becomes Importer of Geely Group’s Commercial EV B...

These Are the Most Sleep-friendly Hotels in Hungary Hotels

These Are the Most Sleep-friendly Hotels in Hungary

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.