Investment Fund Net Subscription at HUF 358 bln in March
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Net subscription of units of Hungarian investment funds reached HUF 358 bln in March, slipping from 410 bln in February, monthly data released by the National Bank of Hungary (MNB) show.
Net asset value (NAV) of Hungarian investment funds reached HUF 19.863 tln at the end of March. Price changes added HUF 143 bln to NAV and exchange rate changes raised the value by HUF 23 bln during the month. Investment fund NAV was up from HUF 13.679 tln 12 months earlier.
Fixed income funds had the biggest NAV (HUF 6.501 tln), followed by equities funds (HUF 4.841 tln), real estate funds (HUF 3.761 tln) and mixed funds (HUF 2.678 tln) at the end of the month.
There were 893 investment funds under the oversight of MNB in March, ten more than the month before.
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