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The net asset value (NAV) of Hungarian investment funds rose by HUF 358 billion to HUF 11.781 billion in September, driven by net subscription, state news wire MTI reports, citing monthly data published by the National Bank of Hungary (MNB).
Net subscription amounted to HUF 351 billion. Exchange rate changes added HUF 87 billion to the net asset value, but price changes subtracted HUF 80 billion.
Equity funds had the highest net asset value (HUF 3.5 tln), followed by real estate funds (HUF 2,951 tln), fixed income funds (HUF 2,063 tln) and mixed funds (HUF 2,029 tln) at the end of the month.
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