Hungarian investment funds assets rose by 3.5% month-on-month to 1,942 billion Florins (HUF) by the end of January, the Association of Hungarian Fund Managers announced. New funds contributed HUF 43 billion to the expansion, while HUF 22 billion of the rise came from yields. Equity funds increased by 7.8% month-on-month to HUF 176 billion while bond funds, which have the second-largest part in the total assets, declined by 2.6% to HUF 544 billion. Money markets funds broke the HUF 600 billion level for the first time and assets reached HUF 604 billion at the end of January. Investors continue to demonstrate strong interest in real estate funds as they recorded the largest newly attracted capital in January Ð HUF 20 billion. Assets of these funds reached HUF 389 billion, thus accounting for 20% of the total assets.
In Poland, net assets in investment funds rose 6.2% month-on-month to 65.1 billion zloty at end-January, according to a report prepared by the Fund Management Chamber and the company Analizy Online, which monitors the pension and investment fund market. Analysts expect funds to grow by 20% this year.