Assets in Hungarian investment funds grew a slight 0.8% to HUF 3,738 billion in October from the previous month, the Hungarian Association of Investment Funds and Asset Managers (BAMOSz) said.
The pace of growth slowed from 1.1% in September and 3.1% in August, BAMOSz said.
Funds attracted HUF 13 billion in fresh capital in October and yields added HUF 19.7 billion to assets.
Bond funds grew 1.6% to HUF 310 billion in October on the net sale of HUF 4.6 billion of units and a slight yield of HUF 340m.
Assets in property funds were up 1.3% at HUF 415 billion. The funds drew HUF 3.7 billion in fresh capital and had a HUF 1.7 billion yield.
Money market funds contracted 1.2% to HUF 1,387 billion as withdrawals came to more than HUF 19 billion. The funds had a HUF 2.2 billion yield during the month.
Assets in guaranteed funds dropped 3.7% to HUF 422 billion on withdrawals of more than HUF 18 billion. Yields added HUF 2 billion to assets.
Mixed funds grew 2.3% to HUF 128 billion, drawing HUF 2.7 billion in fresh capital and recording a small HUF 200 million yield.
Assets in closed-end securities funds rose 6% to HUF 569 billion. Investors bought units worth more than HUF 23 billion in the funds, in part because of the establishment of a new fund. Yields added HUF 9.3 billion to the funds. (MTI – Econews)