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.