Investment fund assets managed by Hungarian fund managers increased by 46% in the first six months and reached HUF 1,553.4bn at the end of June, the Association of Hungarian Fund Managers (BAMOSZ) announced. That was the largest ever increase in assets for the first half of the year.
According to the figures, in Jan-Jun all funds produced yields higher than the inflation rate.
The biggest return was recorded by funds investing in Hungarian securities, which stood at 26.17%, closely followed by funds investing in shares with average yield of 21%. On the other hand the less risky money market funds had 3.83% yield on average, property funds 5.19% and short-term bond funds 6.12%.
Open-ended securities funds accounted for some 79% of all investment fund assets. The biggest increase was booked by property fund assets, which more than doubled in H1 to HUF 217bn at end-June.