Monetary funds drew subscriptions worth a total RON95.4 million in May, almost triple the value drawn in the previous month. Their net asset value reached RON3.43 billion, up 3.5% on the month and up 12.3% since the beginning of the year.
The greatest increase in assets, however, was posted by funds in the “Others” category, whose net asset value reached RON1.28 billion, up 7.2% on the month and up 35.5% since the beginning of the year. The “Others” funds drew net subscriptions worth a total RON69.8 million in May.
Bond funds drew net subscriptions worth a total RON25 million. The bond funds’ total asset value rose 2.9% on the month, to RON1.175 billion, up 23.2% from January.
The net asset value of stock funds declined 5.2% on the month, but was still up 1.1% from the beginning of the year, at RON228 million. In these funds, subscriptions were outweighed by withdrawals, with net outflows of RON2.6 million.
The net asset value of diversified funds dropped 4.5% on the month but were up 5.5% from end-2010, to RON310 million. These funds registered net withdrawals of RON8.6 million in May.
Closed-end investment funds posted a 0.1% monthly increase in net asset value, to RON237 million. Since the beginning of the year, these funds’ net asset value rose 32.4%.
Open-end fund investor numbers rose by 626 on the month, to 232,406, while closed-end fund investor numbers rose to 92,501, from 92,444.
At the end of May, Raiffeisen Asset Management ranked first with respect for asset value, as its net assets amounted to RON2.59 billion.
Erste Asset Management ranked second, with administered assets of RON2.54 billion.