The assets of the 15 stock funds dropped 13.4% on the month and 17.5% since the beginning of the year, to RON186 million.
The asset value of diversified funds dropped 7.3% on the month and 6.3% since the beginning of the year, to RON275 million.
The BCR E fund, Romania’s sole funds fund, saw a 5.8% month-on-month drop in asset value, to RON9 million, 2.2% less than in the beginning of the year.
Monetary fund assets rose 1.2% on the month and 19.5% since the beginning of the year, to RON3.653 billion.
Bond fund assets rose 3.4% on the month and 41.6% since the beginning of the year, to RON1.35 billion.
The asset value of the 7 Romanian funds listed in the “Others” category rose 2.2% on the month and 47.2% since the beginning of the year, to RON1.398 billion.
The clients of local funds were net subscribers, as the funds registered subscriptions of RON86.2 million, up 47% on the month.
Most subscriptions were seen by monetary fund, namely RON24.9 million net, compared to RON53.4 million in July.
Bond funds saw net subscriptions worth RON37.9 million, compared to RON38 million in July.
Local stock funds saw net withdrawals cumulating RON1.9 million, compared to withdrawals of RON2.2 million in the previous month.
Diversified funds saw net withdrawals of RON8.5 million, compared to RON2.3 million in the previous month.
Funds in the “Others” category registered net subscriptions worth a total RON33.8 million, compared to RON26.3 million in the previous month.
Local open-end funds had 227,546 investors at the end of August, 8,603 less than in the previous month. (EUR1=RON4.2657)