In March alone, the fund posted RON82.3 million in losses, versus a net profit of RON3.3 million after the first two months of the year.
End-March, the fund had net assets of RON14.25 billion, down 2.63% from a month earlier.
Around 52.7% of Fondul Proprietatea’s assets were listed equities, while 43.8% non-listed equities. Net cash and receivables stood at 3.52% of the net asset value.
Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism.
Tuesday, Fondul Proprietatea closed up 0.25% at RON0.808 a share in Bucharest. (EUR1=RON4.4646)