Nine of the ten best-performing open-ended investment funds in Hungary last year were shares funds, and all but two of these were investing in Hungarian and Central and Eastern European shares, according to figures compiled by business daily Napi Gazdaság.
The yield produced by the best performer between the end of 2005 and 2006 was 32.3% and even the tenth performer yielded 18.2%, both investing into Hungarian stocks, the paper calculated. The exception was a mixed share-property fund, which took fifth place with an annual yield of 22.3%, while a mixed fund came 9th with a yield of 19.3%.
The poorest performing funds were mostly investing in foreign bonds or foreign currency. The worst performer, a fund investing in US dollar, ended 2006 with an annual loss of 4.7%. Seven of the ten funds at the bottom had negative returns last year, the best of the ten being a property fund with a yield of 1.7%.
The highest-yielding mixed fund with a balanced portfolio produced a 17% yield last year, bond funds generated at most 7%, liquidity funds 5.6%, and property funds 8.5%.