Compared to the second quarter of 2010, net subscriptions in April-June this year rose 29%, from RON383.4 million.
The net assets of open-end investment funds rose 4.3% on the month in June, to RON6.71 billion, from RON6.43 billion.
Monetary funds posted the highest net asset value, RON3.53 billion, up 3% on the month and up 15.7% since the beginning of the year, when they stood at RON3.05 billion.
Monetary funds also drew the most subscriptions, namely RON211.1 million, representing 42.6% of all subscriptions in open-end funds.
Funds in the “Others” category posted net assets of RON1.39 billion, up 8% on the month and up 46.3% since the beginning of the year. Investors subscribed a total RON183.7 million in these funds, 22.5% less than RON237.1 million net subscriptions in the first quarter.
The net asset value of bond funds rose 7.3% in June, to RON1.26 billion, Net subscriptions on this segment dropped 14.8% in the second quarter, to RON119.6 million, from RON1404. million in the first quarter.
Diversified funds had assets worth RON303 million at the end of June, 2.4% more than in May.
Clients withdrew RON13.5 million from diversified funds, after subscribing RON13.1 million in the first quarter.
Stock funds reported net assets worth RON221 million, down 2.9% on the month. These funds registered capital outflows worth RON6.4 million, after withdrawals equaled subscriptions in the first quarter.
The net assets of closed-end funds dropped 4.1% in April-June, to RON227 million. These funds drew net subscriptions worth RON7.9 million.
The number of investors in open-end funds stood at 235,418 at the end of June, 4,472 more than in March. At the same time, the number of investors in closed-end funds rose by nine, to 92.443.
Raiffeisen Asset Management ranked first among fund managers, with assets managed worth RON2.696 billion and a market share of 38.38%.
Second place went to Erste Asset Management, which manages assets worth RON2.612 billion and has a market share of 37.18%. (EUR1=RON4.2037)