Foreign open-end funds posted aggregate net assets of RON1.52 billion at the end of October, up 1% on the month.
Local bond funds attracted subscriptions of RON178.3 million in October. With assets of RON4.818 billion, Erste Bond Flexible Ron is the largest bond fund in Romania, covering 88% of all bond fund assets.
The net assets of foreign bond funds stood at RON1.08 billion in October, up 0.8% on the month.
The assets of local stock funds fell slightly, by 0.5%, in October to RON175.8 million.
Assets of funds in the “others” category increased 2.3%, to RON5.51 billion.
Erste Asset Management (EAM) ranked first in October with a net value of assets under management of RON5.047 billion and a market share of 25.33%.
It was followed by Raiffeisen Asset Management, with assets worth RON4.325 billion and a 21.71% market share. (EUR1=RON4.4545)