Bamosz Investment Fund NAV at HUF 11.915 tln in July

Analysis

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Net asset value of investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (Bamosz) reached HUF 11.915 trillion at the end of July, up 49% from 12 months earlier, state news wire MTI reports citing association data.

NAV of property funds rose 8pc to HUF 1.904 tln.

Assets in bond funds jumped 135% to HUF 3.972 tln and assets in mixed funds were practically unchanged at HUF 1.718 tln.

Assets in funds of funds rose 2% to HUF 2.25 tln.

NAV of equities funds rose 5% to HUF 799 bln.

Net subscription of units in Bamosz funds reached HUF 289 bln for the month.

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