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Investment fund assets rise back to pre-crisis levels

Assets of investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSz) rose 3.3% to HUF 3,144 billion in January, a level not seen since before the crisis, BAMOSz told MTI.

Investment funds drew fresh capital of HUF 94.2 billion in January and yields came to HUF 6.2 billion.

Open-ended securities funds attracted HUF 72.8 billion of fresh capital and generated yields of HUF 12.4 billion, growing 4.6%. The funds account for almost 63% of all investment fund assets.

Share funds grew 3% to HUF 349 billion. Investors bought HUF 8.6 billion of units and yields came to HUF 1.7 billion.

Assets of guaranteed funds fell 2.1% to under HUF 398. Investors took out HUF 9.1 billion from the funds as five matured. Yields were HUF 670 million in January.

Bond funds grew 6.6% to HUF 272 billion. Units worth HUF 9.1 billion were sold and yields reached HUF 4.3 billion.

Money market funds increased 5.2% to HUF 1,207 billion. They drew HUF 53.8 billion of fresh capital and had yields of HUF 6 billion.

Property funds grew 3.1% to HUF 303 billion. Units worth HUF 7.6 billion were sold and yields generated HUF 1.5 billion. (MTI – Econews)