The most significant increase, of 7.8%, was witnesses by Erste Monetar. Its assets amounted to RON17.9 million at the end of October.
The net assets of the seven local bond funds increased 2.1% to RON3.89 billion. BCR Obligatiuni, the largest Romanian investment fund, covered 90.4% of total assets on this segment. BCR Obligatiuni merged with BCR Monetar in June.
Bond funds posted net subscriptions of RON50.8 million in October.
The assets of foreign bond funds stood at RON935.1 million in October, down 0.1% on the month. Net subscriptions amounted to RON2.3 million.
The assets of local stock funds increased 0.8% in October to RON152.5 million. Their clients withdrew net funds of RON2.1 million.
The assets of foreign stock funds fell 3.2% to RON391.2 million in October.
Assets of funds in the “others” category increased 1%, to RON4.24 billion.
Diversified fund assets amounted to RON257.3 million in October, up 1.7% on the month.
According to AAF, there were 55 foreign funds in Romania at the end of October, with assets of RON1.32 billion, down 1% on the month.
In October, the net assets held by local closed-end funds increased 2.9% on the month, to RON407.4 million.
Erste Asset Management (EAM) ranked first in October for the second straight month, with a net value of assets under management of RON3.61 billion.
Second place went to Raiffeisen Asset Management, with assets worth RON3.54 billion. (EUR1=RON4.522)