BAMOSZ fund redemptions exceeded subscription in January

Figures

Photo by Shutterstock.com

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.

ADVERTISEMENT

Hungary Gets Exemption From Price Cap on Russian Crude Energy Trade

Hungary Gets Exemption From Price Cap on Russian Crude

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Used Car Imports Show Double-digit Decline Automotive

Used Car Imports Show Double-digit Decline

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...

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.