Meanwhile, the cumulated net profits of the five SIFs dropped 36% in 2010, at RON390.38 million.
End-2009, the five SIFs had net assets worth RON7.46 billion and an aggregated net profit of RON608.8 million.
SIF Moldova (SIF2.RO) was the most profitable of the five funds in 2010, with a net profit of RON98.76 million, down 43.8% on the year. Its net assets fell 3.5% in 2010, at RON1.17 billion.
SIF Oltenia (SIF5.RO) reported a net profit of RON81.12 million in 2010, down 56.7% on the year, while its net assets totaled RON1.55 billion, down 5.2% from RON1.643 billion in December 2009.
The net assets of SIF Banat-Crisana (SIF1.RO) dropped 11.6% in the analyzed period, to RON1.36 billion, from RON1.54 billion a year earlier. Its net profit stood at RON63.03 million in December 2010, down 43.8% on the year.
SIF Transilvania (SIF3.RO) reported a 7.4% decrease in net assets end-2010, at RON1.5 billion. The company posted a RON71.27 million net profit in 2010, down 38.9% on the year.
The net assets of SIF Muntenia (SIF4.RO) totaled RON1.41 billion at the end of 2010, down 4% from RON1.47 billion end-December 2009. It reported a net profit of RON76.18 million in 2010, lower from RON82.02 million a year before.
The BET-FI index, which tracks the five SIFs, rose by 6.3% on average in December 2010, but was down 8% compared with the end of 2009.