Funds investing on the stock market did not achieve the same performance in the first half, as about half of them beat the 4.4% rise in the BET index, while the rest did not.
Equity fund Raiffeisen Romania Actiuni posted the highest yield, 16.4% in the first six months, according to the data uploaded on the www.zf.ro by fund managers until Monday at noon. This was five times the interest of a leu deposit and 3.7 times higher than the BET. What helped the fund up was its investment in Azomures and Petrom, which generated 64% and 40% profit since the beginning of the year.
Second top performer was index tracker Certinvest BET-FI Index, 13.3%. It invests in the stocks that make up the BET-FI (the five regional funds or SIF, and Fondul Proprietatea).
Third in the ranking of funds is Raiffeisen Confort, which invests in government paper and bonds of foreign companies, as well as in stocks and investment funds. Its yield was 10.3%. Next came Raiffeisen Prosper, which invests in local stocks and investment funds with exposures to other markets. It generated 10% profit for its investors.
Raiffeisen Prosper is followed by two balanced funds, Napoca and Raiffeisen Benefit, with 9.5% and 8.2% yields.
The highest yields among low-risk funds came from ING Romanian Bond and BCR Obligatiuni, 3.6% and 3.44%, close to the banking interest for the period.
Top loss-maker was Certinvest Short Fund, which lost 54% of the investors’ money betting on a decline of the stock markets. The fund has only 12 investors and less than 100,000 lei (EUR22,000) in assets. (EUR1=RON4.4496)
(English version by Loredana Fratila-Cristescu)
| Fund name | Manager | NAVPS (lei) | H1 trend | June trend | Number of investors | Assets (millions of lei) |
| Money-market funds | ||||||
| Raiffeisen Ron Plus | Raiffeisen A.M. | 144.55 | 3.35% | 0.50% | 32,821 | 1,642.6 |
| OTP ComodisRO | OTP A.M. | 14.42 | 3.29% | 0.59% | 2,590 | 147.5 |
| BCR Monetar | Erste A.M. | 15.61 | 3.17% | 0.46% | 62,192 | 1,665.4 |
| Certinvest Monetar | Certinvest | 74.80 | 3.17% | 0.54% | 610 | 7.4 |
| Raiffeisen Ron Flexi | Raiffeisen A.M. | 106.63 | 2.90% | 0.48% | 954 | 226.7 |
| Simfonia 1 | BRD A.M. | 32.98 | 2.90% | 0.43% | 14,130 | 480.0 |
| iFond Conservator | Intercapital I.M. | 5.57 | 2.18% | 0.33% | 38 | 3.3 |
| Fortuna Gold | Target A.M. | 19.24 | 1.80% | 0.26% | 1,666 | 0.6 |
| Bond and fixed-income securities funds | ||||||
| ING International Romanian Bond | ING A.M. | 1,396.52 | 3.62% | 0.31% | 69 | 866.0 |
| BCR Obligatiuni | Erste A.M. | 15.83 | 3.44% | 0.50% | 43,841 | 1,576.0 |
| Certinvest Obligatiuni | Certinvest | 23.89 | 3.42% | 0.55% | 378 | 22.7 |
| BT Obligatiuni | BT A.M. | 14.58 | 3.26% | 0.55% | 6,023 | 244.7 |
| OTP Obligatiuni | OTP A.M. | 11.81 | 3.08% | 0.48% | 584 | 21.1 |
| Stabilo | Pioneer A.M. | 10.53 | 3.01% | 0.40% | 1,342 | 25.6 |
| BRD Obligatiuni (Concerto) | BRD A.M. | 137.56 | 2.86% | 0.44% | 428 | 16.5 |
| Vanguard Protector | Vanguard A.M. | 30.66 | 0.21% | 0.39% | 535 | 1.4 |
| Carpatica Obligatiuni | Carpatica A.M. | 10.12 | N/A | 0.58% | 62 | 6.3 |
| Balanced funds | ||||||
| Napoca | Globinvest | 0.35 | 9.48% | -1.29% | 1,215 | 9.4 |
| Raiffeisen Benefit | Raiffeisen A.M. | 119.36 | 8.23% | -0.32% | 344 | 14.6 |
| Diverso Europa Regional | BRD A.M. | 123.49 | 6.25% | 0.45% | 232 | 23.1 |
| Transilvania | Globinvest | 30.75 | 5.08% | -4.39% | 714 | 23.2 |
| BCR Dinamic | Erste A.M. | 20.83 | 5.04% | -1.09% | 2,225 | 28.0 |
| Certinvest Dinamic | Certinvest | 4.10 | 4.92% | -1.89% | 1,364 | 7.9 |
| Integro | Pioneer A.M. | 3.54 | 4.25% | -1.01% | 11,478 | 16.3 |
| Carpatica Global | Carpatica A.M. | 14.00 | 3.87% | -0.29% | 383 | 24.8 |
| BT Clasic | BT A.M. | 16.11 | 3.87% | -0.62% | 497 | 31.9 |
| Certinvest Prudent | Certinvest | 9.60 | 2.89% | -0.52% | 8,225 | 4.1 |
| Zepter Obligatiuni | Zepter | 10.47 | 2.81% | -1.35% | 32 | 3.8 |
| Star Focus | Star A.M. | 5.00 | 2.73% | 0.14% | 28 | 4.2 |
| Certinvest Next Generation | Certinvest | 101.34 | 2.70% | -0.01% | 9 | 0.1 |
| Star Next | Star A.M. | 3.94 | 2.47% | -0.94% | 101 | 5.0 |
| Carpatica Stock | Carpatica A.M. | 12.89 | 1.08% | -2.45% | 313 | 11.6 |
| Oportunitati Nationale | Vanguard A.M. | 26.35 | 0.75% | -0.35% | 476 | 0.9 |
| Zepter Mixt | Zepter | 9.49 | 0.10% | -2.48% | 34 | 5.2 |
| Fortuna Classic | Target A.M. | 6.06 | -0.82% | -1.78% | 22,771 | 6.3 |
| KD Optimus | KD Investments | 8.66 | -0.86% | -1.92% | 16 | 0.8 |
| Zepter Actiuni | Zepter | 8.36 | -1.07% | -2.65% | 36 | 8.3 |
| Omnitrust | SIRA | 2.61 | -2.05% | -2.07% | 412 | 1.7 |
| Certinvest Short Fund | Certinvest | 34.40 | -54.61% | -1.23% | 12 | 0.1 |
| Equity funds | ||||||
| Raiffeisen Romania Actiuni | Raiffeisen A.M. | 30.98 | 16.44% | 6.40% | 382 | 12.0 |
| Certinvest BET-FI Index | Certinvest | 104.81 | 13.28% | -1.42% | 9 | 0.6 |
| Raiffeisen Prosper | Raiffeisen A.M. | 82.99 | 10.02% | -0.90% | 874 | 22.4 |
| BRD Index Europa Regional | BRD A.M. | 93.78 | 6.98% | 1.50% | 6 | 2.2 |
| Certinvest XT Index | Certinvest | 78.20 | 6.42% | -3.31% | 18 | 0.8 |
| BT Index Romania ROTX | BT A.M. | 5.89 | 5.37% | -4.85% | 385 | 11.2 |
| Certinvest BET Index | Certinvest | 88.72 | 5.27% | -5.04% | 8 | 0.5 |
| BCR Expert | Erste A.M. | 58.55 | 5.23% | -2.66% | 1,224 | 10.8 |
| OTP AvantisRO | OTP A.M. | 5.91 | 5.17% | -1.22% | 227 | 8.4 |
| Actiuni Europa Regional | BRD A.M. | 107.52 | 4.53% | 2.02% | 110 | 13.0 |
| ING International Romanian Equity | ING A.M. | 641.08 | 2.89% | -1.30% | 53 | 286.5 |
| KD Maximus | KD Investments | 11.52 | 1.91% | -1.20% | 757 | 28.1 |
| BT Index Austria ATX* | BT A.M. | 7.33 | 0.69% | -2.01% | 82 | 1.8 |
| iFond Actiuni | Intercapital I.M. | 3.09 | 0.06% | -3.79% | 9 | 0.4 |
| BT Maxim | BT A.M. | 5.61 | -1.06% | -3.61% | 1,791 | 38.9 |
| Omninvest | SIRA | 3.49 | -3.08% | -3.75% | 3,952 | 1.4 |
| Active Dinamic | Swiss Capital A.M. | 6.87 | -12.37% | -13.17% | 1,985 | 4.1 |
| Other funds | ||||||
| Raiffeisen Confort | Raiffeisen A.M. | 134.11 | 10.26% | 0.17% | 519 | 15.1 |
| Raiffeisen Confort Seria 2 | Raiffeisen A.M. | 105.86 | 4.63% | 0.30% | 449 | 23.4 |
| BCR Europa Avansat | Erste A.M. | 11,166.40 | 3.54% | 0.23% | 6 | 9.1 |
| BRD Euro Fond* | BRD A.M. | 112.36 | 2.39% | 0.34% | 1,314 | 50.6 |
| OTP Euro Bond* | OTP A.M. | 10.73 | 2.17% | 0.27% | 791 | 10.2 |
| Raiffeisen Euro Plus* | Raiffeisen A.M. | 111.23 | 2.01% | 0.33% | 9,642 | 250.2 |
| Raiffeisen Dolar Plus** | Raiffeisen A.M. | 1,054.07 | 1.60% | 0.28% | 814 | 43.2 |