[ad_1]
Starting May 11, we will only provide our Signature content to our readers with single access. Learn more
The stock of the main savings assets decreased
Coronavirus already showed its effect on savings in the Hungarian market in March, according to recent MNB statistics the stock of government securities, mutual funds and stocks also declined among households.
In the hands of the Hungarians
- government securities by 0.36%,
- household assets managed by investment funds by almost 7%,
- Equity retail capital fell nearly 17%
over the course of a single month. The impact of the virus on bank deposits will be known soon, and the MNB will release the latest data for March on Wednesday.
At the same time, financial institutions bought government securities worth HUF 261 billion after just HUF 3 billion in February, mainly due to
Key article findings:
- Stocks of government securities, investment certificates and household stocks fell in March
- Equities were the only category that could raise substantial capital
- The stock of non-retail retail securities decreased to less than HUF 1 billion
- Some Hungarian distributors resell the retail government securities they have to their customers, we asked ÁKK what they had to say.
[ad_2]
