Investment Fund Assets Grew by 5% in July

Assets under management in investment funds increased by five percent, or HUF 564 billion, to HUF 11,915 billion in July, the Association of Investment Fund Managers and Asset Managers of Hungary (Bamosz) told MTI on Monday.

The statement highlighted that HUF 117.8 billion of capital left money market funds, while the assets of the category decreased by 23.4% to HUF 367.7 billion.

Bond funds continued to see an inflow of capital, with HUF 324.7 billion coming in, which is outstanding among the categories. Yields also contributed to asset growth, with the largest category's assets increasing by more than 10% to HUF 4,104 billion in July.

Real estate funds received HUF 15.3 billion in July, with net asset value rising by 2.3% to HUF 1904.3 billion in the second largest category, as a result of returns and price movements.

Investors withdrew HUF 15.1 billion from mixed funds, but returns were favorable, with the category's assets increasing by 1.6% to HUF 1,717.7 billion.

Equity funds attracted HUF 5.4 billion and, following a favorable performance, the category's assets grew by 7.6% to HUF 799.2 billion.

Nearly HUF 12 billion of capital left the capital protected funds, but thanks to favorable price movements, the assets of the category decreased by only 0.7% to HUF 463.1 billion.

Absolute return funds attracted 17.7 bn of fresh capital, while yields were also favorable, with the category's assets rising by 5.9% to HUF 1,139.4 bn in the month.

Derivative funds saw capital outflows of HUF 1.4 billion, but returns were positive, with assets in the category falling by only 1.3% to HUF 41.2 billion.

Commodity funds added HUF 0.07 billion, with assets up 5.2% to HUF 78.8 billion.

Closed-end funds, which primarily manage the assets of institutional investors, attracted nearly HUF 45 billion in the seventh month, with assets up 6.1% to HUF 1,269.7 billion.

Bamosz represents the domestic fund and asset management industry, with 25 members managing a total of HUF 15,300 billion of assets, including some HUF 11,900 billion in investment funds.