End-July, Proprietatea reported net assets of around RON15.034 billion and profit of RON536 million.
The fund posted profit of RON530.5 million in the first eight months of the year.
End-August, the fund’s investments in state treasuries reached RON580.2 million, up 4.14% from RON557.2 million in July, while investments in bank deposits fell 29% to RON321.8 million in August, from RON453.3 million in the previous month.
The fund’s holdings in listed companies were evaluated at RON5.877 billion at the end of August, up 3.58% from RON5.674 billion in July.
Proprietatea’s stakes in companies in Romania accounted for 99.07% of its net assets in August, compared to 99.16% in July, with the difference of 0.93% being covered by the fund’s stakes in companies listed in Austria (0.84% in July).
The oil and gas sector had the largest weight in the fund’s assets in June, with 40.45%, compared to 39.86% in July. Around 23.24% of Proprietatea’s assets are in the electricity production sector, while participations at transport, distribution and supply electricity or gas companies account for 22.45% of the fund’s assets.
Foreign investors’ holdings in Fondul Proprietatea increased by 0.39 percentage points to 56.9% in August, with US hedging fund Elliott Associates controlling over 18% and City of London holding 4.87%.
Fondul Proprietatea was created in 2005 to compensate owners whose properties were seized by the communist regime. The fund was listed in Bucharest in January 2011.
Friday, Proprietatea traded up 1.29% at RON0.708 a share. (EUR1=RON4.4847)