“Franklin Templeton Investment Management Limited United Kingdom, in its capacity of sole administrator and fund manager of Fondul Proprietatea announces that beginning with 18 August 2011 the new depositary of the fund is ING Bank N.V. Amsterdam Bucharest Branch,” Fondul Proprietatea said in a statement.
ING Bank has replaced Bancpost as the fund’s depositary.
End-July, Fondul Proprietatea reported net assets of RON15.99 billion.