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BAMOSZ share-fund assets rise 12.7%

Share-fund assets managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) rose 12.7% yr/yr to HUF 66 billion in the second quarter of 2009, the latest figures from BAMOSZ reveal.

The value of assets managed by BAMOSZ members was HUF 6,500 billion (€24.56 billion)in Q2 2009, with HUF 2,500 billion managed in investments funds.

Share-fund assets attracted HUF 1.4 billion in fresh capital in Q2 and HUF 2.7 billion in H1, while recording yields of HUF 5.3 billion in Q1 and HUF 6.4 billion in H1. Share funds generated the fastest growth among all funds and Hungarian and Asian funds recorded the best yields, BAMOSZ said.

Funds in Europe and the CEE region experienced withdrawals, while other funds attracted new capital. Most of the fresh capital flowed into global funds, while fresh capital of the most value went to funds in North America.

Assets in liquidity funds rose 2.2% to HUF 721 billion, attracting HUF 38 billion in fresh capital and recording yields of HUF 29 billion.

Investors withdrew capital from domestic liquidity funds, while liquidity funds in the Euro zone and dollar-based funds attracted capital.

Funds in the Euro zone attracted the most capital and saw the fastest increase. Domestic funds had the highest yields, but the stronger forint has weighed on the yields of forint-denominated funds, thus only these funds generated negative yields in the second quarter. (MTI-ECONEWS)