BAMOSZ fund redemptions exceeded subscription in January
Redemptions of units of investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) exceeded subscription in January, for the first month since the start of the coronavirus crisis, according to association data, writes business daily Világgazdaság.
Net redemption of investment fund units was HUF 125 billion in January as HUF 62 bln came out of bond funds but net redemption of property funds also reached HUF 7 bln.
The net asset value of BAMOSZ funds stood at HUF 7.65 trillion at the end of January, up 10.4% from 12 months earlier.
NAV of property funds increased 1.7% to HUF 1.689 tln.
Assets in bond funds fell 1.7% to HUF 1.5 tln and assets in mixed funds climbed 29.4% to HUF 1.753 tln.
NAV of equities funds jumped 32.3% to HUF 835 bln.
Assets in funds of funds grew 34.5% to HUF 2.125 tln.
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