Investment Funds NAV Reach HUF 13.178 tln in January
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.
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