The net asset value of Hungarian investment funds reached HUF 18.703 trillion at the end of January. Price changes added HUF 118 bln to NAV, and exchange rate changes raised the value by HUF 33 bln during the month.
The investment fund NAV was up from HUF 13.185 tln 12 months earlier. Fixed income funds had the biggest NAV (HUF 6.142 tln), followed by equities funds (HUF 4.614 tln), real estate funds (HUF 3.605 tln) and mixed funds (HUF 2.44 tln) at the end of the month.
There were 880 investment funds under the oversight of the MNB in January, one more than the month before.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
