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Investment fund assets fall 0.4% in November

Assets in Hungarian investment funds fell 0.4% to Ft 2,531 billion in November from the previous month, the Association of Hungarian Fund and Asset Managers (Bamosz) said on Monday.

Investors took Ft 26 billion out of funds during the month, while yields added Ft 15 billion to assets. With two new funds launched and one closed last month, Bamosz members managed 227 funds at the end of November.
Assets of public open-ended securities funds fell 0.5%, with yields of Ft 7 billion and net withdrawals of Ft 15 billion. Assets of the seven private securities funds grew 2.6% to Ft 68 billion as a result of new investments worth Ft 565 million as well as yields on share funds and guaranteed closed-end funds. Assets of real estate funds fell 1.1% to Ft 590 billion, as the result yields of Ft 3.6 billion and net withdrawals of Ft 10 billion. Assets in domestic real estate funds fell 1.1% to Ft 110 billion. Assets of public guaranteed funds grew 0.2% to Ft 248 billion. Two new guaranteed funds were launched in November. With the expiry of one guaranteed fund, a net Ft 2.7 billion was withdrawn from the funds, while yields boosted the funds' assets Ft 3.3 billion. Eurozone money market funds and derivative funds attracted a notable amount of fresh capital in November, Bamosz noted. Derivative fund assets increased 9.1% to Ft 17 billion, attracting Ft 1.2 billion in fresh capital and recording yields of Ft 230 million.