Net Subscription Lifts Investment Fund NAV to HUF 11.977 tln
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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.
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