Economy
Growth of Hungary investment funds diminish in September
The month-on-month rise in August was 6.9%.
Out of the monthly HUF 100 billion increase, HUF 80 billion was generated by new investments and the yield of the funds contributed to the rise by HUF 20 billion.
The number of investment funds grew by three to 157, 104 of which were open-ended funds, which held 79% of total assets in September, the same as in the previous month. Assets of these funds in September increased by 6% or HUF 84 billion month on month as the result of HUF 70 billion worth of investments and HUF 14 billion in yields.
The 5 closed-ended funds' assets went up by 2.8% (vs. +3.8% in August) to HUF 43 billion by end-September.
Assets in bond funds expanded by more than those of money market funds. Their assets grew by 7.2% in September to over HUF 690 billion. New investments in these funds generated HUF nearly HUF 44 billion in the month under review, and the yield of these funds generated another HUF 2 billion.
The size of long-term funds rose by 10.7%, and short-term funds, making up 82% of all bond fund assets, expanded by 6.5% from August.
The assets of equity funds increased by 10.7% (vs. +6.4% in August) to HUF 151.3 billion by end-September.
The growth rate of the 26 money market funds kept eroding in September, despite the fact that a new fund joined this group. They boosted their assets by HUF 13 billion or 2.3% (vs. 4% in Aug) to HUF 586 billion in September, out of which growth HUF 12 billion came from new investments and less than HUF 1 billion from yields.
Real estate funds accounted for 14% of total assets and their growth dropped to 5.4% in September from 6.3% in August to HUF 268 billion. The number of real estate funds grew by one to 19. The bulk of the HUF 14 billion growth, HUF 12 billion, came from new investments.
The assets of 28 guaranteed funds went up by 1.5% or HUF 1.2 billion in September. Their HUF 77 billion holdings made up 4.1% of total assets.
Out of the monthly HUF 100 billion increase, HUF 80 billion was generated by new investments and the yield of the funds contributed to the rise by HUF 20 billion.
The number of investment funds grew by three to 157, 104 of which were open-ended funds, which held 79% of total assets in September, the same as in the previous month. Assets of these funds in September increased by 6% or HUF 84 billion month on month as the result of HUF 70 billion worth of investments and HUF 14 billion in yields.
The 5 closed-ended funds' assets went up by 2.8% (vs. +3.8% in August) to HUF 43 billion by end-September.
Assets in bond funds expanded by more than those of money market funds. Their assets grew by 7.2% in September to over HUF 690 billion. New investments in these funds generated HUF nearly HUF 44 billion in the month under review, and the yield of these funds generated another HUF 2 billion.
The size of long-term funds rose by 10.7%, and short-term funds, making up 82% of all bond fund assets, expanded by 6.5% from August.
The assets of equity funds increased by 10.7% (vs. +6.4% in August) to HUF 151.3 billion by end-September.
The growth rate of the 26 money market funds kept eroding in September, despite the fact that a new fund joined this group. They boosted their assets by HUF 13 billion or 2.3% (vs. 4% in Aug) to HUF 586 billion in September, out of which growth HUF 12 billion came from new investments and less than HUF 1 billion from yields.
Real estate funds accounted for 14% of total assets and their growth dropped to 5.4% in September from 6.3% in August to HUF 268 billion. The number of real estate funds grew by one to 19. The bulk of the HUF 14 billion growth, HUF 12 billion, came from new investments.
The assets of 28 guaranteed funds went up by 1.5% or HUF 1.2 billion in September. Their HUF 77 billion holdings made up 4.1% of total assets.
