Fondul Proprietatea posted net assets of RON12.7 billion at the end of September, down from RON14.6 billion in the same month of 2011.
Around 44.4% of Fondul Proprietatea’s assets were listed equities, while 49.71% non-listed equities. Net cash and receivables stood at 5.89% 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 57.23% of the fund’s shares at the end of September, while residents had 38.36%. Fondul Proprietatea owns 1.74% of its own shares due for cancellation.
Monday, Fondul Proprietatea closed up 0.49% at RON0.5125 a share. (EUR1=RON4.5687)