End-April, the fund posted net assets of RON14.97 billion, down 1.7% on the month. In April 2012, the fund’s assets stood at RON15.52 billion.
Around 43% of Fondul Proprietatea’s assets were listed equities in April, while 55.57% non-listed equities. Net cash and receivables stood at 1.33% 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.
At around 1:00 pm, Fondul Proprietatea traded up 1.8% at RON0.6495 a share.
End-April, foreign investors held 64.33% of the fund’s shares, while residents had 33.68%. Fondul Proprietatea owns 1.97% of its own shares, which are due for cancellation.
The fund earlier Wednesday announced plans to sell 1.77% of its 20.11% stake in Romania’s dominant oil company OMV Petrom (SNP.RO). The stake, which is estimated at RON445 million, could be increased based on market conditions, Fondul Proprietatea said. (EUR1=RON4.3344)