End April, the five SIFs posted combined assets of RON7.33 billion.
SIF Oltenia (SIF5.RO) reported the biggest increase in assets in May. The fund’s assets rose 3.7% to RON1.68 billion, from RON1.63 billion the month before.
The fund posted a net profit of RON25.1 million in January to May.
SIF Muntenia (SIF4.RO) reported net assets of RON1.5 billion in May, up 1.1% on the month. The fund switched to net profit of RON3.8 million, versus losses a month earlier.
SIF Banat-Crișana (SIF1.RO) said net assets rose around 1% to RON1.43 billion, from RON1.42 billion in April. The fund’s profit was RON10.3 million at the end of May.
SIF Moldova (SIF2.RO) reported a 3.9% decline in its assets to RON1.22 billion in May, from RON1.26 billion in the previous month. However, net profit increased by RON12.4 million to RON28.6 million.
The last of the five regional funds, SIF Transilvania (SIF3.RO), posted net assets of RON1.52 billion at the end of May, down 0.7% on the month. Net profit stood at RON86.7 million, up by RON33.3 million from a month earlier. (EUR1=RON4.1756)