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BAMOSZ investment fund assets reach HUF 6,378 bln

Assets of investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) reached HUF 6,378 billion at the end of April, up 2% year-on-year, fresh data from the association show, state news agency MTI reported.

Assets in money market funds plunged 87% to HUF 81 bln, after a restructuring prompted by the application of stricter operating conditions under a European Union directive.

Assets in bonds funds were up 22% at HUF 1,378 bln.

Assets in mixed funds increased 3% to HUF 1,094 bln, and assets in equities funds rose 8% to HUF 422 bln.

Assets in funds of funds edged up 2% to HUF 1,314 bln.

Assets in absolute yield funds declined 14% to HUF 910 bln, while assets in real estate funds jumped 40% to HUF 1,649 bln.