Expressed in euro, assets’ advance was of 0.4%, according to the Association of Fund Administrators.
The five SIFs witnessed mainly positive evolutions, seeing increases of 3.1% – SIF Moldova, of 2.3% – SIF Muntenia, of 1.8% – SIF Banat-Crisana, and decreases of 1.45% – SIF Oltenia and of 0.2% – SIF Transilvania.
The evolution of net assets at the beginning of 2016 mainly saw declines, from -33% for SIF Transilvania, to -1.5% for SIF Banat-Crisana, as well as increases, in the case of SIF Muntenia (+2.3%).
As regards the number of transactions conducted, SIF Banat Crisana was the least attractive to investors, with 1,294 transactions accounting for 0.42% of the share capital.
SIFs’ short-term investments fell 2.2% on the month in May, to RON4.58 billion. The share held by short-term investments in overall assets dropped to 63.3%, at the end of May (65.4% in April).
In May, SIFs’ market capitalization reached RON3.3 billion, down 3.1% from April. Expressed in euro, the capitalization stood at EUR0.73 billion at the end of May, down 3.9% from April.