Investment fund NAV falls on lower prices amid war
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Net asset value (NAV) of Hungarian investment funds fell HUF 64 bln to HUF 10.204 tln in February, as the outbreak of the war in Ukraine impacted unit prices, monthly data released by the National Bank of Hungary (MNB) on Tuesday show, according to a report by state news wire MTI.
Price changes cut the stock by HUF 161 bln, although HUF 44 bln in net subscription and the HUF 52 bln positive impact of exchange rate changes mitigated the decline.
Investment fund NAV was still 22.2% higher than twelve months earlier.
Equities funds had the largest NAV (HUF 2.92 tln), followed by real estate funds (HUF 2.621 tln), mixed funds (HUF 2.030 tln), and bond funds (HUF 1.544 tln).
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