At the end of January, SIF Muntenia ranked third, with a net profit of RON4.9 million.
Early March, the fund said it has switched to a new method for asset calculation, according to a new regulation issued by the securities commission CNVM. Based on the new calculations, SIF Muntenia’s net asset reached RON1.23 billion at the end of February, 12.9% higher from RON1.09 billion in the previous month.
With a net profit of RON19.1 million, SIF Oltenia (SIF5.RO) ranked second by profit after the first two months of 2013. The fund reported a net asset of RON1.49 at the end of February, 5.3% higher on the month.
SIF Moldova (SIF3.RO) placed third with a net profit of RON17.3 million, followed by SIF Banat-Crisana (SIF1.RO) with RON2.1 million. SIF Moldova posted a net asset of RON1.17 billion in February, while the net asset of SIF Banat-Crisana reached RON1.4 billion.
The fifth and last regional fund, SIF Transilvania (SIF2.RO)said its loss widened to RON1.2 million at the end of February, from RON0.94 million in the previous month.
The fund’s net asset rose 2.8% on the month to RON1.2 billion.
The five SIFs registered aggregate assets of RON6.52 billion in February, up 5% from RON6.2 billion in January. (EUR1=RON4.394)