The investment funds bought back aggregate shares from investors worth RON480.2 million in April, the highest level this year.
AAF members manage 63 local open-end fund and 23 closed-end funds. Additionally, the association distributes 55 foreign open-end funds on the domestic market.
The foreign open-end funds posted aggregate net assets of RON1.436 billion at the end of April, down 0.4% on the month, while the closed-end funds reported a combined net asset of RON456.3 million, 2.4% lower from the previous month.
Erste Asset Management was top fund manager in April, with assets worth RON4.32 billion (23.54% market share), followed by Raiffeisen Asset Management with assets worth RON3.86 billion (21.03% market share). (EUR1=RON4.3207)