In total, open-end fund clients subscribed units for a total RON383.7 million and withdrew RON413.8 million. This resulted in net outflows worth a total RON30.1 million, according to data from fund manager association AAF.
In foreign open-end funds managed by a member of the AAF, subscriptions cumulated RON5 million, while withdrawals reached a total RON10.1 million. As such, foreign fund clients were net redeemers, with a total RON5.1 million withdrawn.
As such, the net assets of foreign funds dropped 5.4% in November, to RON1.169 billion.
Monetary fund subscriptions cumulated RON198.2 million, while withdrawals cumulated RON244.1 million. This resulted in net withdrawals of RON45.9 million.
The net assets of local monetary funds dipped 0.7% on the month, to RON3.607 billion. Since the beginning of the year, money fund assets gained 18%.
Funds in the “Others” category saw net withdrawals worth a total RON16.1 million, as clients bought units for RON44.5 million and sold for RON110.8 million. The assets of funds in the “Others” category dipped 0.3% on the month in November, to RON1.372 billion. Since the beginning of the year, these funds’ assets rose 44.5%.
The assets of the 15 stock funds rose 4.1% on the month, to RON176 million. Since the beginning of the year, stock fund assets dropped 21.6%.
Bond fund assets rose 2.4% on the month, to RON1.478 billion. Since the beginning of the year, bond fund assets gained 55%.
Foreign stock fund assets declined 12.2% on the month, to RON322 million, while foreign bond fund assets dropped 2.5% on the month, to RON847 million.
Local diversified funds saw a 2.6% month-on-month drop in assets, to RON254 million. Compared to the level seen in the beginning of the year, diversified fund assets were 13.4% lower at the end of November.
At the end of November this year, local open-end funds had 235,447 clients, 526 less than in October.
Raiffeisen Asset Management remained on top of the fund manager rankings, for the seventh month in a row, with assets worth RON2.815 billion and a 19.42% market share. (EUR1=RON4.3409)