Investors redeem net HUF 56 bln from BAMOSZ funds in Mar

Figures

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Investors redeemed net HUF 56 billion of units from funds managed by the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) in March, association data show.

Net redemptions of property fund units came to HUF 29 bln and investors pulled HUF 8 bln out of equities funds, but bond funds registered net subscription of HUF 11 bln.

The data show net asset value of BAMOSZ funds stood at HUF 7.51 trillion at the end of March, up 6% from 12 months earlier.

NAV of property funds was practically flat at HUF 1.679 tln.

Assets in bond funds fell 2% to HUF 1.479 tln and assets in mixed funds climbed 14% to HUF 1.691 tln.

Assets in funds of funds grew 24% to HUF 2.095 tln.

NAV of equities funds rose 14% to HUF 791 bln and edged up 1% from the previous month, when the outbreak of the war in Ukraine cut share prices.

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