Expressed in euro, SIFs’ net assets reached EUR1.54 billion at the end of July, up 4.4% from a month earlier, according to a report of the Association of Fund Administrators.
The five SIFs saw mostly positive trends, seeing increases of 5.4% -SIF Banat-Crisana, 5.1% – SIF Moldova, 3.2% – SIF Oltenia, 2.8% – SIF Transilvania and a decrease of 2.5% – SIF Muntenia.
SIFs’ net assets saw a mixed trend at the beginning of 2016, witnessing decreases of 27.5% – SIF Transilvania and 8.9% – SIF Oltenia, and increases of 6.9% – SIF Moldova, 2.6% – SIF Muntenia and 2.4% – SIF Banat-Crisana.
Short-term investments rose 10.7% compared with June, reaching RON4.8 billion. The share held by short-term investments in overall assets rose to 65.2% in July, compared with 60.6% in the previous month.
In July, SIFs’ capitalization stood at RON3.62 billion, up 5.9% from a month earlier. Expressed in euro, the capitalization stood at EUR0.81 billion at the end of July, up 7.3% on the month.