By comparison, in January 2023, mutual funds recorded redemptions of RON129 million.
March 2023 was the last time investment funds reported investor redemptions through the repurchase of fund units. Since April, investment funds have recorded only subscriptions amid the appreciation of stock quotes and the performance of government bonds portfolio.
The number of mutual fund investors stood at 605.140 at end-January 2024, 15,000 more than at end-2023. Compared to January 2023, the number of investors increased by 111,000, AAF data also show.
By breakdown, of the RON402 million subscriptions in January 2024, nearly RON128 million represented entries into bond funds and fixed-income instruments- the most popular category among those put at disposal by mutual fund managers against the backdrop of 257,000 investors. Subscriptions were also recorded by the following categories: equity funds (RON103 million), multi-active funds (RON62 million) and other funds (RON109 million).
Most investors target bond funds, followed by the category of multi-active funds (146,000 investors), other funds (125,000) and equity funds (75,000). The assets of these funds, as well as those managed by BT AM, Erste, BRD AM, Raiffeisen, OTP, Certinvest, Patria, reached RON21 billion at end-January 2024.
Mutual Funds are pools of money collected from many investors for the purpose of investing in stocks, bonds, or other securities.