In 2014, the fund had a record profit of RON1.012 billion, up 48% from 2013.
The value of the fund’s assets dropped 3.2% in January, to RON12.81 billion, from RON13.24 billion at the end of December, FP said in a report to the Bucharest Stock Exchnage.
Following reassessment under IFRS, FP’s portfolio of listed stock dropped 7.7%, from RON6.487 billion end December to RON5.99 billion end January. Its unlisted equity portfolio remained stable in the same period, at RON6.47 billion.
FP’s net asset per share stood at RON1.1829 in January, from RON1.2125 in December.
At the end of January, FP’s portfolio included state paper of RON159.1 million and bank deposits of RON75.2 million.
Fondul Proprietatea is a closed-ended investment fund created in 2005 to compensate people whose properties were seized by the communist regime and could not be returned in kind. The fund was listed on the Bucharest Stock Exchange in January 2011.