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Parallel to the resurgence of the stock exchanges, the situation is also improving for Hungarian investment funds: those who did not panic and sold their investment units when the markets collapsed did well. 20% of national portfolios have already turned positive (some did not turn negative at all during the year), and a significant loss of over 20% can only be seen in just 13% of the investment fund series .
Some funds regularly recovered from the March 18 low on the domestic stock market: We saw the biggest jump since the decline in Russian equity funds, which weakened due to the collapse of the oil market. The Dialogue Expander fund, which had previously suffered a significant devaluation, also performed well and US stocks performed well.
Unfortunately, a significant proportion of the large returnees still have more severe deficits since the beginning of the year.
Unfortunately, we can see greater losses in the market than these, but fortunately there is only one fund that has shown a loss of over 40% since the beginning of the year.
Of the largest funds, we can see four portfolios whose performance is negative this year.
Last but not least, it’s a good idea to take a look at the foundations that were particularly adept at dealing with the mud in this year’s storm. This year’s best performing fund to date is OTP Föld Treasures with a return of almost 38%, followed by OTP Sigma with a return of over 30%, and then the Erste Arany fund. Of the foreign exchange funds, the HOLD Max dollar series performed best so far this year, yielding 45.7%.
Finally, it is important to note that mutual funds follow a long term investment strategy, it is not worth panicking, rushing or making other investment decisions due to the movement of the exchange rate for 1-2 days. This year’s biggest drop in funds is mainly recommended for an investment period of 3-5 years. The purpose of this article is not to encourage investment behavior in any direction, but to give a picture of the sector’s reaction to market events.
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