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Investment fund assets climb 1.1pc to HUF 3,709bn in September

Assets in Hungarian investment funds grew 1.1% to HUF 3,709 billion at the end of September from a month earlier, the Hungarian Association of Investment Funds and Asset Managers (BAMOSZ) said on Monday.

The funds drew more than HUF 15 billion in fresh capital, while yields added HUF 25.2 billion to assets.

Money market funds decreased HUF 0.5 billion, while the strengthening of the forint added a further HUF 2.5 billion in losses, bringing assets to HUF 1,404 billion at the end of September.

Assets in guaranteed funds decreased by HUF 4 billion due to the expiration of a single major fund, while yields added HUF 4.6 billion, thus increasing assets by a combined 0.1%.

Property funds increased 2.0% to HUF 409 billion, drawing HUF 7.8 billion in fresh capital and recording yields of HUF 110 million.

Assets of bond funds rose 2.1% last month. Investors sold HUF 400 million of their units, though the funds had a yield of HUF 6.6 billion.

Share funds rose 2.5% to HUF 382 billion, with a yield of HUF 3.8 billion and investments HUF 5.5 billion.

Institutional investors were as before mainly attracted by public and private share funds while retail investors invested mainly into liquidity and property funds in September, BAMOSZ said citing its secretary general András Temmel. (MTI-Econews)