Investment Fund Subscription at HUF 453 bln
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Net subscription of units of Hungarian investment funds reached HUF 453 billion in August, up from HUF 339 bln in July, according to monthly data released by the National Bank of Hungary (MNB).
The net asset value of Hungarian investment funds reached HUF 16.191 trillion at the end of August. Price changes added HUF 74 bln to NAV, but exchange rate fluctuations reduced the value by HUF 35 bln during the month.
Investment fund NAV was up from HUF 11.425 tln 12 months earlier. Fixed income funds had the biggest NAV (HUF 4.75 tln), followed by equities funds (HUF 4.153 tln), real estate funds (HUF 3.41 tln) and mixed funds (HUF 2.185 tln) at the end of the month.
There were 874 investment funds under the oversight of the MNB in August.
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