Hungary's January investment fund assets down 2.4% m/m - BAMOSZ.

By bne IntelliNews February 16, 2012
The aggregate assets of Hungary's investment funds declined by 2.4% m/m to HUF 3.18tn (EUR 10.97bn) as of end-January 2012, following a 2.5% m/m drop in December, MTI reported, quoting data from Hungarian Investment Fund and Asset Management Companies (BAMOSZ). The drop could be attributed to HUF 127bn in net withdrawals of assets, as investors redeemed the largest amounts from money market funds - HUF 66.7bn. Withdrawals from bond funds accounted for HUF 14.9bn, those from property funds reached HUF 18bn and share funds redeemed HUF 10bn. The steepest overall decline was recorded in the assets of money market, which shrank by 4.9%, followed by a 4.7% decline in the assets of property funds.

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