Expressed in euros, net assets reached EUR1.85 billion end-July, up 2% compared with end-June.
Most SIFs registered growth, as SIF Muntenia grew 1.9%, SIF Banat-Crisana grew 1.8%, SIF Moldova grew 1.7%, SIF Transilvania grew 1.3%, and SIF Oltenia grew 1.1%, the report noted.
SIFs’ short-term investments decreased 3% on the month in July, to RON6 billion. The share held by short-term investments in overall assets decreased to 66.8% in July from 69.6% in June.
At the end of July, the five SIFs had a market value of nearly RON5 billion, down 0.1% compared with end-June. Expressed in euros, the five regional funds had a stock market value of EUR1.1 billion, 0.6% higher than end-June.