This will be the seventh fund in BRD’s portfolio and the third fund denominated in US dollars on the local market. The other two funds in US dollars are managed by Raiffeisen Asset Management (closed-end fund) and OTP Asset Management (open-end fund).
The approval on setting up the fund in US dollars comes on a the US dollar appreciation by 20% versus de Romanian leu over the last 12 months.
The two funds denominated in US dollars on the local market registered yields between 0.7% and 1.6% in 2015. US dollar has gained 3% versus Romanian leu in 2015.