Bamosz Investment Fund NAV at HUF 11.915 tln in July
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.
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.