In addition, the fund posted a 4.6% increase in its net assets since the beginning of the year, to RON15.137 billion from RON14.465 billion at the end of December last year.
Bank deposits dropped 9.6% since the beginning of the year, to RON267.6 million, from RON296.3 million. The fund continued to invest in state bonds, increasing its portfolio value to RON196.94 million from RON195.9 million.
Shares held in Romanian companies represent 98.6% of the fund’s net assets, with the 1.4% difference represented by stakes in Austrian-listed companies.
By sectors, the fund’s overall stock portfolio includes 34.2% shares from oil and gas companies, 32.55% utilities (production) stocks, 19.15% utilities (transport, distribution, supply) shares and 3.63% banks.
Fondul Proprietatea is a closed-end investment fund created to compensate owners whose property cannot be returned in kind after being abusively seized by the communist regime.
The fund has a share capital of RON13.778 billion, divided into 13.778 billion shares with a face value of RON1.
At the end of January, the fund’s largest shareholder was US hedge fund Elliott Associates, with a 12.57% stake.
In January, the fund had 10,705 shareholders, compared to 10,845 in December.
Proprietatea shares were trading mid-Wednesday at RON0.5295, up 0.57% on the day. (EUR1=RON4.3473)