AAF members manage 63 local open-end fund and 21 closed-end funds. Additionally, the association distributes 54 foreign open-end funds on the domestic market.
Net subscriptions of open-end fund units rose 50% on the year to RON1.5 billion, data showed.
The 54 foreign open-end funds distributed on the local market posted aggregate net assets of RON1.4 billion at the end of December, 16.8% higher on the year.
Erste Asset Management was top fund manager in 2012, with assets worth RON3.77 billion at the end of December, followed by Raiffeisen Asset Management, with assets amounting to RON3.63 billion. (EUR1=RON4.3802)