SIF Transilvania’s net assets reached RON1.06 billion at the end of October, slightly lower on the month.
With a net profit of RON145 million, SIF Oltenia (SIF5.RO) ranked second by profit after the first 10 months of 2013. The fund reported net assets of RON1.55 billion at the end of October, up 2% from the previous month.
SIF Moldova (SIF2.RO) placed third with a net profit of RON100.1 million, followed closely by SIF Muntenia (SIF4.RO) with RON90.6 million. SIF Moldova posted a net asset of RON1.22 billion in October, while the net asset value of SIF Muntenia reached RON1.098 billion.
The fifth and last regional fund, SIF Banat-Crisana (SIF1.RO) reported a net profit of RON71.8 million in the January-October period. The fund posted the highest monthly profit, of RON35.6 million, following the sale of its remaining holdings in three companies.
The fund’s net asset rose 1.8% on the month to RON1.58 billion.
The five SIFs registered aggregate assets of RON6.51 billion in October, up 1.7% from RON6.4 billion in September. (EUR1=RON4.4536)