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Investment fund assets climb 0.8% to HUF 3,886 bln in February

Assets in Hungarian investments funds rose 0.8% to HUF 3,886 billion by the end of February from a month earlier, the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSz) told MTI.

Investment funds drew HUF 17.1 billion in fresh capital and had HUF 13.2 billion in yields in February.

Assets managed in open-ended securities funds, which account for 57.9% of all investment fund assets, fell 0.6%. Investors sold HUF 20 billion of units in the funds, but yields raised assets by HUF 6.5 billion.

Assets in public shares funds fell 3.3% to under HUF 400 billion. Withdrawals from the funds came to HUF 13.2 billion and they had a negative yield of almost HUF 0.5 billion.

Money market funds contracted 0.5% to HUF 1,376 billion. Investors sold HUF 11.2 billion of units but yields reached HUF 3.8 billion.

Assets in bond funds rose 1.1% to HUF 303 billion. The funds attracted HUF 1.2 billion in fresh capital and yields added more than HUF 2 billion to assets.

Assets in guaranteed funds edged up 0.3% to HUF 403 billion.

Assets in property funds inched up 0.4% to HUF 429 billion.