Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Net assets of the 223 Romanian and foreign investment funds dropped by 13% since the beginning of the year at 43 billion lei

The net assets of the 223 open and closed investment funds, local and foreign have increased in July by 0.8% up to 43 billion lei (8.9 billion euro) and dropped by 13% since the beginning of the year, announced on Wednesday the Association for Funds Management (AAF).

‘The net assets of the 223 open and closed funds, local and foreign have increased in July by 0.8% up to the level of 43 billion lei (8.9 billion euro) and dropped by 13% since the beginning of the year: net outflows of the month were worth 9.9 million lei (2 million euro) ‘ the AAF shows in a press release. Similarly, the net assets of the 86 local open funds have increased in July by 0.4% up to 20.6 billion lei (4.3 billion euro) and since the beginning of the year have dropped by 17.3%.

Net assets of the 31 closed funds (including SIF and Fondul Proprietatea) have increased by 1.2% in July, up to 21.6 billion lei (4.5 billion euro) and dropped by 8.6% since the beginning of the year, the local closed funds have net inflows of 0.1 million lei (0.02 million euro) in the reported month.

The most performing five open funds over the last 12 months registered annual net yields between 3.8% and 8.9% on a time horizon of 36 months, the most performing five funds had yields between 19.1% and 33.4% obtained along the last three years (against July 2017).

Open-end local funds recorded in July net outflows of 18.3 million lei (3.8 million euro) being reunited under the category ‘other funds’ (-12.8 million lei) bonds and fixed-income instruments (-9.2 million lei), absolute yield (-6.1 million lei), capital protected (-1.6 million lei) while diversified funds (9.8 million lei) and the those of shares (1.6 million lei) recorded net inflows.

Net assets expressed in lei of the 106 open-end open foreign funds distributed in Romania have increased in July by 1.4% against the previous month up to 0.87 billion lei (0.18 billion euro) and since the beginning of the year dropped by 11%.Open-end foreign funds distributed in Romania with a share of 4.1% in the total of the assets of open-end investment funds recorded in the reported month inflows of 8.3 million lei (1.7 million euro).

AAF represents the Association for funds Managmeent and is a non-governmental professional organization of the operators in the industry of collective placement bodies in Romania which reunites 18 societies for investment management (SAI), Fondul Proprietatea, five financial investment societies (SIF) and four depository banks.

More