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Investment fund assets edge down 0.3% in September

Assets in investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) edged down 0.3% to HUF 3,478bn in September from the previous month.

BAMOSZ members were net sellers of investment fund units but assets fell on revaluation losses.

Assets in share funds dipped 3.9% to HUF 244bn.

Assets in guaranteed funds inched up 1.1% to HUF 427bn on HUF 6bn of new unit sales.

Investors took HUF 4.6bn out of property funds, but yields lifted assets by 0.4% to HUF 412bn.

Bond funds contracted by 2.4% to HUF 360bn as investors cashed in units worth HUF 6.7bn and losses on price changes came to HUF 2.1bn.

Assets in closed-end funds fell 4.7% to HUF 431bn on price changes.