End December, the five SIFs posted combined assets of RON6.38 billion.
SIF Banat-Crisana (SIF1.RO) reported the largest decline in assets in January. The fund’s assets fell 5.7% to RON1.22 billion, from RON1.29 billion the month before. The fund posted net profit of RON0.14 million in the first month of the year.
SIF Muntenia (SIF4.RO) posted a 4.4% decrease in its assets to RON1.18 billion, from RON1.23 billion in December. The fund reported a loss of RON1.6 million in January.
SIF Transilvania (SIF3.RO) said net assets rose 2% on the month to RON1.36 billion in January. The fund’s profit stood at RON8.7 million in January.
SIF Moldova (SIF2.RO) reported a decline of 1.5% in its assets to RON1.08 billion, from RON1.09 billion in December. Net profit stood at RON5.3 million.
The last of the five regional funds, SIF Oltenia (SIF5.RO), had assets worth RON1.41 billion at the end of December, barely changed on the month. The fund’s profit was RON5.8 million.
Bucharest stocks advanced 10.7% on the month in January, the highest increase since September 2011.