The fund’s net assets climbed from RON11.4 billion in May to RON11.8 billion in June.
Improved results were largely due to better performance by hydropower company Hidroelectrica, which accounts for 27.68% of the fund’s portfolio. OMV Petrom accounts for the second largest share in FP’s portfolio, with 21.87%.
FP shares were trading at RON0.77/share Thursday. Since the beginning of the year, the share price dropped 6.05%, but increased 7.18% during the past month.
The Bank of New York Mellon owns 34.48% of FP, followed by several foreign institutional investors with a total 24.72%, and Romanian individual investors with a total 20.42%.