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Investment funds? assets grow 76% in Jan-Sept

The assets of investment funds grew 76% in the first nine months of 2005, attracting Ft 680 billion in new investments, the Hungarian Association of Investment Fund Managers and Asset Managers (Bamosz) said on Thursday. The funds managed by Bamosz members grew 21%, almost Ft 267 billion, in the third quarter of the year. Assets increased 28% in the first quarter and 14% in the second.
Bamosz members managed 157 funds at the end of September with combined assets of Ft 1,876 billion.