In 2015, on the stock exchange, the fund boosted its exposure to BRD SocGen and Electrica stocks and joined the shareholding structure of Romgaz. The fund also reduced its stake in OMV Petrom, Banca Transilvania, Nuclearelectrica and Transgaz and exited the shareholding structure of Conpet, according to the 2015 report.
At the end of 2015, the fund’s investments in nine companies listed on the Bucharest Stock Exchange stood at $136.3 million (RON564.2 million).
Compared with the end of 2014, the fund’s exposure on the Romanian market rose by $7.6 million (RON31.3 million).
The fund ended 2015 with a yield of 2.7%, mostly due to its real estate investments. Stocks, which account for over 60% of assets, brought the fund gains of 3.8%, while placements in fixed-income instruments (35.7% of assets) brought it gains of 0.3%.