In August, local funds reported assets worth a total RON6.87 billion, while foreign funds had assets worth RON1.18 billion.
Since the beginning of the year, the net assets of Romanian funds rose 27.4%, from RON5.488 billion.
The asset value of stock funds dropped 10.9% on the month, and 26.5% since the beginning of the year, to RON166 million.
The assets of diversified funds dropped 3.6% on the month, and 9.7% since the beginning of the year, to RON266 million.
However, monetary fund assets rose 0.1% on the month and 19.7% since the beginning of the year, to RON3.658 billion. Also, bond fund assets gained 4.1% on the month and jumped 47.3% since the beginning of the year, to RON1.405 billion.
Funds in the “others” category reported net assets worth RON1.487 billion in September, up 6.3% on the month and 56.6% higher than at the start of the year.
Foreign stock funds posted a decline of 7.5% on the month, to RON309 million. The 11 foreign bond funds posted assets worth a total RON852 million, flat on the month.
Romanian fund clients subscribed units for a total RON1.435 billion and redeemed a total RON1.217 billion in the third quarter. As such, local fund clients were net subscribers, with subscriptions worth a total RON217.4 million.
Local open-end funds had a total 236,408 clients at the end of September, compared to 227,546 at the end of August.
Raiffeisen Asset Management ranked first among fund managers in September, for the fifth month in a row, with assets managed worth a total RON2.85 billion and a market share of 33.68%.
Second place went to Erste Asset Management, which manages assets worth RON2.779 billion and has a market share of 32.85%.
ING Asset Management, the Bucharest unit, ranked third. It manages assets worth RON1.079 billion and has a market share of 12.76%. (EUR1=RON4.3053)