Investment Funds NAV Reach HUF 13.178 tln in January
Pixabay
Net asset value (NAV) of Hungarian investment funds rose HUF 331 billion to HUF 13.178 tln in January, news agency MTI reports, citing monthly data released by the National Bank of Hungary (MNB) on Monday.
Net subscription came to HUF 254 bln and price changes added HUF 146 bln to NAV, but exchange rate changes subtracted HUF 70 bln.
The NAV of fixed-income funds rose by HUF 196 bln and NAV of equities funds increased by HUF 85 bln.
Equities funds had the biggest NAV (HUF 3.841 tln), followed by real estate funds (HUF 3.016 tln), fixed income funds (HUF 2.847 tln) and mixed funds (HUF 2.073 tln) at the end of the month.
There were 866 investment funds under the oversight of MNB in January.
ADVERTISEMENT
IWG Opens New Regus Center in Biatorbágy
Parliament Negates Mandatory Membership in MOK
MNB Grants License to Local iBanFirst Fintech Branch
Meet the Expat CEO of the Year Nominees
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.
