The foreign open-end funds distributed on the local market posted combined net assets of RON1.441 billion in March, up 0.5% on the month.
In the first quarter of 2013, the combined assets of open-end investment funds grew by 10.6% from December last year, while the assets of foreign open-end funds distributed on the local market rose only by 2.9%.
The combined net assets of the 21 closed-end funds advanced by 11.2% to RON467.6 million on the month in March, data from the Association show.
Net subscriptions of open-end fund units amounted to RON812 million, while net subscriptions of foreign open-end funds reached some RON20 million in the first quarter of 2013, compared to December last year.
Erste Asset Management was top fund manager in March, with assets worth RON4.205 billion (23.15% market share), followed by Raiffeisen Asset Management with assets worth RON3.936 billion (21.67% market share).
AAF members manage 63 local open-end fund and 21 closed-end funds. Additionally, the association distributes 54 foreign open-end funds on the domestic market. (EUR1=RON4.4099)