Assets managed in investment funds in Hungary rose 10.5% or HUF 120 billion in February from end-January and increased increased by 19% in the first two months of the year to a record HUF 1,258.2 billion, data from the Fund managers' association (BAMOSZ) showed on Friday.
The end-February value has been the largest ever, it said, adding that all types of funds benefited from a rise of around 10% during the month.
Nearly half of the assets were held in bond funds which boosted the value of their assets by 9.6% in February over January to HUF 570 billion.
Equity fundsboosted their value by 11.1% to HUF 154.6 billion in the month, while money market funds boosted their assets by 10.8% in February to HUF 359.4 billion by end of the second month of the year.
“In February HUF 5.3 billion capital flew in, probably the highest ever, and it seems that the outstanding results of equity funds raised the appetite of many domestic investors," BAMOSZ said.
Real estate funds posted the fastest-pace growth, 13.5% in February, with their combined assets reaching HUF 121.1 billion.
Assets held in pension funds rose by 9.4% in February to HUF 1,148.5 billion.
Overall, all assets managed by BAMOSZ members expanded 8.5% in February and 12.9% in the first two months of the year to HUF 3,246 billion.
A total of 139 funds operated at end-February in Hungary.
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