End July, the five SIFs posted combined assets of RON7.11 billion.
SIF Banat-Crisana (SIF1.RO) reported the biggest decline in assets in August. The fund’s assets fell 6.9% to RON1.33 billion, from RON1.43 billion the month before. The fund posted net profit of RON18.6 million in the first eight months.
SIF Transilvania (SIF3.RO) posted net assets of RON1.38 billion in August, down 3.4% on the month. The fund’s profit reached RON98.3 million.
SIF Moldova (SIF2.RO) reported a 6.5% fall in its assets to RON1.13 billion, from RON1.2 billion in July. Net profit stood at RON66.5 million.
SIF Oltenia (SIF5.RO) had assets worth RON1.58 billion at the end of August, down 5.5% on the month. The fund’s profit was RON49.2 million.
The last of the five regional funds, SIF Muntenia (SIF4.RO), said total assets fell 5.1% on the month to RON1.3 billion, from RON1.36 billion in July. SIF Muntenia’s profit stood at RON23.95 million. (EUR1=RON4.294)