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Net assets of local and foreign investment funds up 0.6pct to 42.2bln lei in March

The net assets of the 201 local and foreign open- and closed-end investment funds increased by 0.6 percent in March to 42.2 billion lei (8.86 billion euro), recording an increase of 0.7 percent since the beginning of the year, whereas the net outflows totaled 24.6 million lei (5.2 million euro), according to the data of the Fund Managers Association (AAF).

Compared to February, the net assets of the 203 local and foreign open- and closed-end investment funds increased by 2.4 percent, up to 42 billion lei (8.8 billion euro), while the net outflows of the month totaled 207 million lei (43.7 million euro).

The net assets of the 80 local open-end funds were 0.6 percent up in March to 21.5 billion lei (4.5 billion euro), while the drop in the current year reached 0.2 percent.

Net outflows from local open-end funds this March stood at 19 million lei (4 million euro), with the secured capital funds (-11.9 million lei), the ones grouped under the 'other funds' category (-7.6 million lei), the absolute return funds (-5 million lei) and stock funds (-4.3 million lei), while the bond and fixed-income funds registered 6.3 million lei and the diversified funds had 3.4 million lei net flowing in.

Net assets expressed in lei of the 91 foreign open-end funds present in Romania increased by 0.1 percent in March against the previous months, up to approximately 0.78 billion lei (0.16 billion euro).

Foreign open-end funds present in Romania, which account for 3.5 percent share of the total assets of open-end investment funds, in March, registered net inflows of 1.1 million lei (0.2 million euro). 

Net assets with the 30 closed-end funds (SIFs and Fondul Proprietatea included) increased by 0.5 percent in the reporting period, up to 19.9 billion lei (4.2 billion euro). March's net outflows from local closed-end funds stood at 6.7 million lei (1.4 million euro).

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