Since January, the combined net assets of the 62 local open-end funds rose 15.9%, data from the Association showed.
The 53 foreign open-end funds distributed on the local market posted aggregate net assets of RON1.25 billion at the end of May, down from RON1.28 billion a month earlier.
Raiffeisen Asset Management was top fund manager for a 13th straight month in May, with assets worth RON3.27 billion and a 20.2% market share, followed by Erste Asset Management, with assets amounting to RON3.18 billion (19.7% market share). (EUR1=RON4.4593)