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Investment funds draw fresh capital of HUF 100bn

Hungarian investment funds drew fresh capital of more than HUF 100 billion in March, primarily from retail investors, with the funds' assets rising to a record high of HUF 3,344 billion by the end of the month, the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) told MTI on Thursday.

The previous record high of HUF 3,200 billion was registered at the end of February 2008.

Yields totaled HUF 82 billion in March, generating an increase of 5.8% over one month.

Open-ended securities funds, which account for a little less than two-thirds of total fund assets, grew by 5.4% in March, drawing HUF 63.5 billion in fresh capital and generating yields of HUF 43.3 billion.

Guaranteed funds grew 3.1% to HUF 421 billion, selling HUF 8 billion of new units and realising a yield of HUF 4.8 billion.

Share funds increased 10%, attracting HUF 6.6 billion in new capital and recording yields of HUF 27.6 billion.

Assets of bond funds increased 9.1% to HUF 304 billion, drawing HUF 17.3 billion in fresh capital and registering yields of almost HUF 8 billion.

Property funds grew 6.6% to HUF 335 billion with the sale of HUF 18.7 billion of new units and a HUF 2.1 billion yield.

Assets in money market funds increased 3.5% to HUF 1,283 billion, drawing HUF 39 billion in fresh capital and generating yields of HUF 3.8 billion. (MTI-ECONEWS)