Fondul Proprietatea posted net assets of RON12.87 billion at the end of October, down from RON14.6 billion in the same month of 2011. In September, the fund’s net assets stood at RON12.7 billion.
Around 45.2% of Fondul Proprietatea’s assets were listed equities, while 49.07% non-listed equities. Net cash and receivables stood at 5.77% of the net asset value.
Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism.
The fund has a share capital of RON13.77 billion lei, split into 13.77 billion shares with a face value of RON1.
Foreign investors held 59.25% of the fund’s shares at the end of October, while residents had 38.95%. Fondul Proprietatea owns 1.79% of its own shares due for cancellation.
At around 10:55 am, Fondul Proprietatea traded down 1.12% at RON0.531 a share, amid a slightly declining market. (EUR1=RON4.5388)