Net inflows stood at RON613 million (EUR123.3 million) in May, one of the best monthly performances in the history of asset management.
The previous month, April, had broken the record, with RON650 million subscriptions, according to Fund Managers Association (AAF) data.
The growth was due to the Bucharest Stock Exchange, which gained 11% in the first four months and 14.4% in the first five months of 2024, with all-time highs of its main index, BET, and of the issuers included in it, such as Banca Transilvania (TLV.RO), OMV Petrom (SNP.RO) and Hidroelectrica (H2O.RO).
(English version by Loredana Fratila-Cristescu)