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OTP fund stays market leader with assets of HUF 1,157 bln

Fund manager OTP Alapkezelő maintained its position as market leader this year, managing assets of HUF 1,157 billion at present, the unit of OTP Bank, Hungary's biggest commercial lender, told MTI. OTP Alapkezelő said HUF 757 billion of the assets were in investment funds and the remaining HUF 400 billion were managed for institutional investors. Csaba Szalma, who manages OTP Supra Fund, OTP Alapkezelő's most successful product, said this year's high-yielding investment "stories" deserving of attention were the issue of foreign currency-denominated bonds by governments in the region and the forint's exchange rate.