Compared with the end of December 2012, the aggregate net assets of the local open-end investment funds are 16.9% higher at the end of June.
These funds had 252,534 clients at the end of June, up from 249,452 in May.
The foreign open-end funds posted aggregate net assets of RON1.43 billion at the end of June, down 3% on the month.
The net assets of the local bond funds increased 1.8% on the month to RON4.781 billion in June. BCR Obligatiuni, the largest Romanian investment fund, covered 90% of total assets on this segment.
Assets of funds in the “others” category increased 3.1%, to RON5.005 billion.
The assets of foreign bond funds stood at RON1.041 billion in June, down 1.3% on the month. Net subscriptions amounted to RON42.2 million in the second quarter of the year.
Diversified fund assets amounted to RON262.9 million in June, down 0.8% on the month.
The assets of local stock funds dropped 5.6% to RON162.4 million and the assets of foreign stock funds fell 7.4% to RON389.3 million in June.
Erste Asset Management (EAM) ranked first in June with a net value of assets under management of RON4.454 billion and a market share of 24.22%.
It was followed by Raiffeisen Asset Management, with assets worth RON4.007 billion and a 21.79% market share. (EUR1=RON4.4416)