In September, local funds reported assets worth a total RON6.99 billion, while foreign funds had assets worth RON1.12 billion.
Since the beginning of the year, the net assets of Romanian funds rose 25.6%, from RON5.488 billion.
The asset value of stock funds rose 2.3% on the month, and were up 24.8% since the beginning of the year, at RON169 million.
The assets of diversified funds dropped 1.9% on the month, and were down 11.4% this year, at RON261 million.
Monetary fund assets declined 0.7% on the month, but rose 18.9% since the beginning of the year, to RON3.634 billion. Also, bond fund assets gained 2.7% on the month and jumped 51.3% since the beginning of the year, to RON1.443 billion.
Funds in the “others” category reported net assets worth RON1.376 billion in October, down 7.5% on the month and 44.8% higher than at the start of the year.
Foreign stock funds posted a rise of 18.7% on the month, to RON367 million. The 11 foreign bond funds posted assets worth a total RON869 million, up 2.3% on the month.
Local open-end funds had a total 235,973 clients at the end of October, compared to 236,408 at the end of September.
Raiffeisen Asset Management ranked first among fund managers in September, for the sixth month in a row, with assets managed worth a total RON2.8 billion and a market share of 33.76%.
Second place went to Erste Asset Management, which manages assets worth RON2.776 billion and has a market share of 33.39%.
ING Asset Management, the Bucharest unit, ranked third. It manages assets worth RON1.108 billion and has a market share of 13.33%. (EUR1=RON4.3534)