Net assets of local investment funds down 1.7 pct in 2011

The net assets of the local investment funds declined by 1.7 percent, in 2011, down to 6.78 billion lei, namely 1.57 billion euros, the Romanian Association of Assets Managers (AAF) reports.Although the net subscriptions in the whole industry recorded a negative value in the last quarter, they exceeded 993 million lei (about 230 million euros) in 2011, but still much lower (nearly 50 percent) compared to the level of net subscriptions registered at end-2010.The assets of ...

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