At the end of December 2010, the SIFs reported assets worth a total RON6.979 billion.
SIF Transilvania (SIF3.RO) posted the greatest decline in net assets, minus 1.6% on the month and down 4.55% since the beginning of the year, to RON1.437 billion.
However, the fund is still the most profitable of the five funds at the seven-month marker, with net profit of RON90.6 million, slightly up from RON89.9 million at the end of June.
SIF Oltenia (SIF5.RO) assets dropped 0.6% on the month, but were up 7.55% from December 2010, at RON1.675 billion.
In July, SIF Oltenia posted a loss of RON200,000, bringing its seven-month profit to RON29.2 million.
SIF Banat-Crisana (SIF1.RO) posted net assets worth RON1.437 billion in July, down 0.4% on the month, but up 5.55% since the beginning of the year.
In July, the company posted a net profit of RON4.5 million, lifting its 2011 profit so far to RON18.7 million.
SIF Moldova (SIF2.RO) was the second-most profitable SIF, with a seven-month result of RON59.8 million, after a profit of RON26.2 million in July.
The fund’s net asset value stood at RON1.217 million in July, down 0.3% on the month, but 4.9% higher compared to end-2010.
SIF Muntenia (SIF4.RO) reported a net asset value of RON1.366 million in July, down 0.2% on the month and 3.2% lower since the beginning of the year.
The company posted a loss of RON5 million in July, bringing its aggregated profit to RON5.1 million.
The Bucharest Stock Exchange dropped 2.74% in July, with the overall market value of companies listed declining to RON110.5 billion, from RON114.5 billion end-June. (EUR1=RON4.2706)