Compared with the end of December 2012, the aggregate net assets of the local open-end investment funds are 21.6% higher at the end of August.
These funds had 256,878 clients at the end of August, up from 254,842 in July.
The foreign open-end funds posted aggregate net assets of RON1.48 billion at the end of August, up 1.6% on the month.
The net assets of the local bond funds increased 3.5% on the month to RON4.99 billion in August. BCR Obligatiuni, the largest Romanian investment fund, covered 89% of total assets on this segment, or RON4.423 billion.
Assets of funds in the “others” category increased 0.6%, to RON5.231 billion.
The assets of foreign bond funds stood at RON1.064 billion in August, up 0.4% on the month.
Diversified fund assets amounted to RON273.3 million in August, up 3.4% on the month.
The assets of local stock funds increased 3.8% to RON170.4 million and the assets of foreign stock funds climbed 4.9% to RON424.2 million.
Erste Asset Management (EAM) ranked first in August with a net value of assets under management of RON4.581 billion and a market share of 24.34%.
It was followed by Raiffeisen Asset Management, with assets worth RON4.143 billion and a 21.01% market share. (EUR1=RON4.4705)