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Anghel (OTP Asset Management): Romanians save inefficiently, although they have much money on the side


Romanians save inefficiently, although they save more than before the crisis and they prefer the national currency, said Adrian Anghel, sales manager at OTP Asset Management, at a press conference.

“We see a preference for the national currency when it comes to savings. Maybe the higher interest rates encourage Romanians to make savings in lei, but inflation estimates are growing. Romanians save but do it inefficiently as they do not choose the best solutions,” Anghel showed.

He pointed out that investors in investment funds migrated towards shares last year.

“Last year there was a big rotation to shares, there were negative sales in the market, while most of the money went to shares, either multiactive or absolute profit funds,” said the OTP Asset Management official.