MUTUAL FUND
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Mutual Fund Assets Up 3.3% To RON44.6B In May 2024
The net assets of the 248 open-end and closed-end mutual funds, both local and foreign, available in Romania, increased by 3.3% to RON44.6 billion in May and by 12.2% since the beginning of the year.
Five Mutual Fund Managers Account For 95% Of Market
Five asset management companies, four of which held by banks, account for 95% of the mutual fund market which stood at 22.8 billion lei (EUR5.1 billion) at the end of March. The remaining 16...
Worst First Quarter For Mutual Funds In Eight Years
Mutual funds posted only 2.3 million lei (EUR514,000) net inflows in the first quarter of 2016, which makes it the slowest first quarter in eight years. Net inflows stood at RON1.1 billion i...
Top Performing Mutual Fund Posts 40% Yield In 2015
Mutual fund Audas Piscator, managed by Atlas Asset Management, is the top performer of 2015, with a 40% yield in euros it got from the bet on the rise of the Swiss franc against the euro.
Biggest Fund Managers In Romania To Spend Up To RON500M On Stocks
The top five fund managers in Romania, with 20.2 billion lei (EUR4.6 billion) assets on their hands, have announced record high investments of up to RON500 million in stocks this year. The r...
Mutual Funds See Record Net Inflows Of RON4.3B In 2014
Mutual funds ended 2014 with record net inflows of 4.3 billion lei (almost EUR1 billion), as bank deposit interests are not enough to cover the withdrawal fees after dropping to less than 3%...
Siminel Andrei Liquidates Two Vanguard Mutual Funds
Vanguard Asset Management, one of the pioneers of the Romanian mutual funds market, has decided to liquidate mutual funds Vanguard Protector and Fondul Oportunitati Nationale (FON) because t...
Romania's Biggest Mutual Fund Gains EUR25,000/day From Deposits
BCR Monetar (a money market fund), the biggest mutual fund on the Romanian market managed by Erste Asset Management, posted revenue of over 107,000 lei (EUR25,500) a day since the beginning...