Investment Fund Net Subscription at HUF 406 bln in December
Image by Shutterstock.com
Net subscription of units of Hungarian investment funds reached HUF 406 billion in December, up from HUF 224 bln in November, monthly data released by the National Bank of Hungary (MNB) on Monday show.
The net asset value (NAV) of Hungarian investment funds reached HUF 17.858 trillion at the end of December. Price changes added HUF 208 bln to NAV while exchange rate changes raised the value by HUF 20 bln during the month. The investment fund NAV was up from HUF 12.869 tln 12 months earlier.
Fixed income funds had the biggest NAV (HUF 5.814 tln), followed by equities funds (HUF 4.286 tln), real estate funds (HUF 3.557 tln), and mixed funds (HUF 2.351 tln) at the end of the month.
There were 879 investment funds under the oversight of the MNB in December, six more than the month before.
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.