NAV of BAMOSZ Funds at HUF 47 bln in May

Net subscription of units of investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) were a little under HUF 47 billion in May, according to association data.

In April, net redemptions were close to HUF 1 bln.

The fresh data show net asset value of BAMOSZ funds stood at HUF 7.685 trillion at the end of May, up 8% from 12 months earlier. NAV of property funds rose 5% to HUF 1.738 tln.

Assets in bond funds increased 3% to HUF 1.535 tln and assets in mixed funds climbed 12% to HUF 1.711 tln. Assets in funds of funds grew 23% to HUF 2.144 tln. NAV of equities funds rose 8% to HUF 770 bln.

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