Since January, the combined net assets of the 61 local open-end funds rose 16.8%, data from the Association showed.
The 54 foreign open-end funds distributed on the local market posted aggregate net assets of RON1.26 billion at the end of May, down from RON1.25 billion a month earlier.
End-June, the combined assets of the local closed-end funds reached RON76.5 million, up 2.9% on the month.
Raiffeisen Asset Management was top fund manager for a 13th straight month in May, with assets worth RON3.27 billion and a 20.2% market share, followed by
Erste Asset Management was top fund manager in June, outranking peer Raiffeisen Asset Management for the first time in 14 months. Erste Asset Management reported total assets of RON3.29 billion at the end of June, slightly higher compared with overall asserts of RON3.27 billion owned by Raiffeisen. (EUR1=RON4.5206)