Thus, monetary and bond funds posted net subscriptions worth a total RON99.4 million, while the general total for local funds reached RON100.3 million, according to fund manager association AAF.
Monetary funds drew RON78.7 million, while bond funds drew RON20.7 million. The net asset value of the eight monetary funds rose 2.8% to RON3.68 billion, while the net assets of the six bond funds increased 2.1% on the month, to RON1.51 billion.
Local stock funds registered a net asset value of RON196 million, up 10.7% on the month.
Funds in the “others” category saw the greatest amount of net withdrawals, namely RON9.8 million. The overall net asset value seen by these seven funds stagnated at RON1.28 billion.
The assets of diversified funds increased by 4.5%, to RON255 million.
In January, the net assets held by local closed-end funds increased by 1.5% on the month, to RON262.9 million.
Foreign investment funds posted a 6.2% increase in their overall net asset value, to RON1.27 billion. These funds registered net withdrawals of RON4.1 million.
The assets of foreign stock funds reached RON387 million, up 17.2% on the month.
At the same time, the assets of foreign bond funds rose 2% to RON887 million.
At the end of January, local open-end funds had 234,056 clients, compared to 233,844 at the end of December.
Raiffeisen Asset Management ranked first, for the ninth consecutive month, with a net value of assets under management of RON2.901 billion and a market share of 19.57%.
Second place went to Erste Asset Management, with assets worth RON2.811 billion and a 18.97% market share.
ING Asset Management, the Bucharest branch, ranks third, with assets worth RON1.148 billion and a 7.75% market share. (EUR1=RON4.3529)