The total asset value of investment funds in Hungary grew more than HUF 20 billion month-on-month in November, reaching HUF 5,687 billion. Absolute return funds were the number one choice in terms of the amount of money invested, whilst real estate funds experienced a setback after a year-and-a-half of positive sales data, with HUF 3.6 billion pulled out by investors in November. Regardless of sales, real estate funds remained the best performers with 5% yield, while their share of the pie is approaching 13%.
Investment funds in Hungary saw over HUF 20 billion expansion in asset value to HUF 5,687 billion in November from October, a 0.36% increase, according to the latest statistics of the Association of Hungarian Investment Fund and Asset Management Companies (Bamosz).
The increase in assets was driven by return on investment, which totaled HUF 34.5 billion in November, while more than HUF 14 billion worth of investment was liquidated.
Absolute return funds most in demand
For the first time in quite a while, absolute return funds have taken over from the real estate segment as the top most popular choice of investors. Some HUF 7.5 billion was newly invested in them; with private equity funds ranked second with HUF 4.4 billion in sales.
Not only did real estate funds fail to make it to the top three, they were not even among the most popular options. Investors liquidated HUF 3.6 billion of real estate fund shares in the course of November. Yet, they were not the worst performers in terms of sales, either; the latter included protected funds, bond funds and money market funds, with liquidated assets totaling almost HUF 28 billion.
According to the 12-month trailing data, money market funds continue to lose ground, simultaneously with gradually deteriorating sales data for bond funds. Meanwhile, real estate and derivatives funds maintain a steady presence, with a stable position among the various types of investment fund options.
Real estate funds yield 5% return
Real estate funds stood out with the best monthly returns in November, with commodity and other types of investment funds ranked second and third but lagging way behind with about 1% yield. Derivatives funds were the month's worst performers with -3.3%, while mixed funds and bond funds also closed the month with minor negative returns.
Bond funds remained the largest chunk of the investment fund pie, commanding a 23.6% share of total assets. The next largest share was that of money market funds with almost 17.3%, although their weight is on the decline. Absolute return funds gained a minor advantage over mixed funds. Real estate funds are edging close to a share of 13%.
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