Since January, the combined net assets of the local open-end funds rose 20.3%, data from the Association showed.
The 54 foreign open-end funds distributed on the local market posted aggregate net assets of RON1.29 billion at the end of July, down from RON1.26 billion a month earlier.
Raiffeisen Asset Management was top fund manager in July, with assets worth RON3.4 billion (21.38% market share), followed by Erste Asset Management with assets worth RON3.33 billion (20.98% market share). (EUR1=RON4.5362)