“Our target is to reach EUR1 billion in total assets in the first half of the year. We require additional inflows of around EUR50 million to EUR60 million to break that ceiling,” Neacsu said.
Erste Asset Management’s next goal would be for the assets of its main investment fund, namely BCR Obligatiuni, to reach the EUR1 billion ceiling in the following period.
Last week, BCR Obligatiuni announced its assets have reached 4 billion lei (EUR904 million). BCR Obligatiuni is the second largest investment fund by assets in central and eastern Europe.
According to Neacsu, the fund’s units could be traded in international markets “very shortly.” (EUR1=RON4.4219)