Investment Fund NAV Rises to HUF 11.781 tln
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Net asset value (NAV) of Hungarian investment funds rose HUF 358 billion to HUF 11.781 trillion in September, lifted by net subscription, state news wire MTI report, citing monthly data released by the National Bank of Hungary (MNB).
Net subscription came to HUF 351 bln. Exchange rate changes added HUF 87 bln to NAV, but price changes subtracted HUF 80 bln.
Equities funds had the biggest NAV (HUF 3.5 tln), followed by real estate funds (HUF 2.951 tln), fixed income funds (HUF 2.063 tln), and mixed funds (HUF 2.029 tln) at the end of the month.
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