End May, the five SIFs posted combined assets of RON6.45 billion.
SIF Moldova (SIF2.RO) reported the largest decline in assets in June. The fund’s assets fell 7.4% to RON1 billion, from RON1.08 billion the month before.
On the other hand, the fund posted the highest earnings among its peers. SIF Moldova’s net profit nearly quadrupled to RON128.86 million in the first half of 2012, from RON33.5 million in the year-earlier period.
SIF Muntenia (SIF4.RO) reported a 6.7% decrease in its assets to RON1.17 billion in June. The fund’s net profit rose to RON51.9 million in the first half, from RON10.1 million in the same period of 2011.
The net assets of SIF Banat-Crisana (SIF1.RO) fell 4.3% on the month to RON1.27 billion at the end of June. Net profit for the January-June period stood at RON96.48 million.
SIF Transilvania (SIF3.RO) reported net assets of RON1.16 billion in June, down 4% from the previous month. The fund’s profit stood at RON112.7 million after the first six months.
The last of the five regional funds, SIF Oltenia (SIF5.RO), had assets worth RON1.5 billion at the end of June, down 3.7% on the month. The fund’s profit was RON54.2 million. (EUR1=RON4.5495)