Investment Fund Net Subscription Reaches HUF 411 bln in February
Photo by Patrick Daxenbichler / Shutterstock.com
Net subscription of units of Hungarian investment funds reached HUF 411 bln in February, slipping from 451 bln in January, monthly data released by the National Bank of Hungary (MNB) show.
Net asset value (NAV) of Hungarian investment funds reached HUF 19.34 tln at the end of February. Price changes added HUF 148 bln to NAV and exchange rate changes raised the value by HUF 79 bln during the month. Investment fund NAV was up from HUF 13.457 tln a year earlier.
Fixed income funds had the biggest NAV (HUF 6.388 tln), followed by equities funds (HUF 4.723 tln), real estate funds (HUF 3.675 tln), and mixed funds (HUF 2.559 tln) at the end of the month.
There were 883 investment funds under the oversight of MNB in February, three more than the month before.
.png)
Hungarians Aware of Reasons Behind Power Outages, Expect Rap...
Varga Invites EU Commissioner to Visit Southern Border
Hungarian, Tunisian Companies to Partner on Railway Developm...
CEETRA Celebrates Regional Brands in Budapest
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.
.png)
