Data ZF got from investment managers show the biggest asset
managers in 2010 reported the highest financial results in
history.
According to data, the top nine managers in terms of asset value in
December 31, 2010 ended last year with turnover amounting to
EUR18.3 million, double compared to 2009, and with net revenues
worth some EUR3.5 million, almost four times more than in the
previous year.
Erste Asset Management, which in late 2010 held 41.7% in the EUR1.3 billion assets of the mutual asset industry, saw its turnover almost triple to EUR6.3 million in 2010, while net income rose from EUR55,000 in 2009 to EUR833,000.
The company is controlled by Erste financial group, the majority
shareholder of BCR.
The most profitable manager in 2010 was Raiffeisen Asset Management
(RAM) part of Raiffeisen financial group.
In 2010, the company reported a EUR1.4 million profit, and was the only manager among the ten biggest to gain the first million euro.
Third came BRD Asset Management. The EUR105 million assets brought the company a net income of EUR428,000 in 2010, from EUR49,000 in 2009.
The top five positions in the ranking of the most profitable managers are filled by banking managers, which use the branches of the parent group to sell their own funds units, so that the sales force, and, to a lesser extent, the investment force had a contribution to the financial indicator increase in 2010.