Net Subscription Lifts Investment Fund NAV to HUF 11.977 tln

Figures

Image by Shutterstock.com

Net asset value (NAV) of Hungarian investment funds rose HUF 189 billion to HUF 11.977 trillion in October, lifted by net subscription, monthly data released by the National Bank of Hungary (MNB) on Monday show.

Net subscription came to HUF 182 bln. Price changes added HUF 58 bln to NAV, but exchange rate changes subtracted HUF 51 bln.

Equities funds had the biggest NAV (HUF 3.53 tln), followed by real estate funds (HUF 2.991 tln), fixed income funds (HUF 2.197 tln), and mixed funds (HUF 2.005 tln) at the end of the month.

There were 860 investment funds under the oversight of the MNB in October.

HUPX Joining Serbian, Slovenian Peers in Adex Power

HUPX Joining Serbian, Slovenian Peers in Adex

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.