Assets under management of responsible funds have quadrupled in one year

By: Trademagazin Date: 2025. 06. 18. 11:33

According to the recently published data of the Hungarian National Bank for 2024, the assets of responsible funds have quadrupled: the net asset value exceeded 1,275 billion forints. Of the client assets managed by the K&H Group, one thousand billion forints are concentrated in responsible investment funds, the returns of which are not inferior to those of traditional funds.

The assets of responsible funds have increased fourfold in one year

In 2024, there was a significant increase in the assets managed in investment funds with an environmental and/or social focus. According to the data of the MNB, their net asset value was only 336 billion forints at the end of 2023, while by the end of 2024 it had already exceeded 1,275 billion forints – this represents an almost fourfold increase. The vast majority of portfolios still consist of funds classified according to Article 8 of the SFDR (“light green”), which enforce “environmental or social characteristics”. The proportion of funds with specific sustainable objectives (“dark green”) in accordance with Article 9 of the SFDR remains low: their assets were HUF 6.2 billion at the end of 2024, a slight decrease compared to HUF 7.5 billion a year earlier.

Responsible funds at K&H: not just a trend, but a strategy

K&H is a leading player in the domestic responsible investment market, managing more than HUF 1,000 billion in such funds. This means that every second forint invested is already in a responsible fund with the bank’s fund manager, which offers 31 different funds, thus being able to provide a solution for almost all customer needs. For the bank group, this is not just a trend, but a conscious strategy that more and more customers feel is theirs. “We are proud that our responsible funds have not lagged behind traditional investments at all and have provided competitive returns in recent years,” added Levente Suba, Head of Sustainability at K&H.

“In the area of savings, 55 percent of client assets are concentrated in responsible investment funds, which is an outstanding proportion in the domestic fund management sector. The proportion of responsible investment funds has increased not only in terms of portfolio but also in terms of sales volume: last year, more than 59 percent of gross sales went to responsible investment funds,”

– commented on the central bank data.

Levente Suba said that approximately 200 pieces of data are available for each company, of which approximately 150 are ESG-related. The processing of this vast data asset is supported by KBC’s own artificial intelligence, so that the bank’s portfolio managers can then make effective investment decisions.