The net assets of the seven local bond funds increased to RON3.81 billion in September. BCR Obligatiuni, the largest Romanian bond fund, accounted for 90.4% of total assets on this segment. BCR Obligatiuni merged with BCR Monetar in June.
Bond funds posted net subscriptions of RON173.2 million in July to September.
The assets of local stock funds dropped 0.4% in September to RON151.3 million. Their clients withdrew net funds of RON2.6 million in the third quarter.
Assets of funds in the “others” category increased 1.7%, to RON4.23 billion. Their overall net subscriptions reached RON206.9 million in the third quarter, and the number of clients hit 66,920 at the end of September.
Diversified fund assets stagnated in September at RON252.9 million. Net subscriptions on this segment amounted to RON2.6 million in the July-September period.
In September, the net assets held by local closed-end funds increased by 4.4% on the month, to RON395.9 million.
According to AAF, there were 55 foreign funds in Romania at the end of September, with assets of RON1.34 billion, up 2.7% on the month.
The assets of foreign stock funds increased 6.7% in September, to RON404.2 million. Net subscriptions amounted to RON11.2 million in July-September.
The assets of foreign bond funds rose to RON935.2 million in September, up 1.1% on the month. Net subscriptions amounted to RON11.1 million in the third quarter.
Erste Asset Management (EAM) ranked first in September, with a net value of assets under management of RON3.51 billion.
Second place went to Raiffeisen Asset Management, with assets worth RON3.25 billion. (EUR1=RON4.5642)