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Foreign Equity Funds Beat Romanian Funds By Yearly Yield
Foreign equity funds available in Romania posted yields of up to 29% in the past twelve months, which are even three times higher than the average yield of a Romanian equity fund.
Three Funds Manage 70% Of Romanians’ Private Pension Money
Three mandatory pension funds of NN (Netherlands), Allianz-Tiriac (Germany) and Metropolitan Life (US) manage the pension money of about 4.3 million Romanians or 64% of the people who have a...
Largest Pension Fund In Romania Has EUR80M For Investments In Stocks
The ING mandatory private pension fund, which has 9.1 billion lei (about EUR2 billion) assets and is managed by NN Pensii, plans to invest EUR80 million in the shares of the companies listed...
Mandatory Private Pension Funds’ Yield Down To 4.4%
Mandatory private pension funds (pillar II) posted 4.4% average yield this year, half as much as they did last year, as government paper interest decline slowed down and the stock market had...
US Fund Encouraged To Do Some Cleanup In Romania’s Banking System
US private equity fund J.C. Flowers has finally reached an agreement with the group run by businessman Ilie Carabulea to take over Banca Carpatica (BCC.RO), the first move in a broader plan...
Financial Market Turmoil Halves Mandatory Pension Fund Yields
The high volatility on the financial markets halved the yields of the mandatory private pension funds to an average of 3% this year.
Franklin Templeton Mulls Liquidation Of Eastern Europe Fund With Romgaz Shares Worth $4.5M
Franklin Templeton Investments, manager of Romanian investment fund Fondul Proprietatea (FP.RO), wants to liquidate a fund focusing on Eastern Europe and Russia, with assets worth $9.3 milli...
BRD To Launch Dollar Investment Fund
Romanian local financial regulator ASF authorized BRD Asset Management, the third fund manager by size with RON2.6 billion assets under management, to launch open-end investment fund BRD USD...
RCA Insurers To Pay 2% Of Revenue To Street Victim Protection Fund, Double Vs 2014
Insurance firms in Romania issuing mandatory car insurance policies RCA will pay to Street Victim Protection Fund a contribution of 2% of the volume of cashed premiums to ensure the funds ne...