By comparison, the BET-BK reference index for fund managers and other institutional investors, inched up 0.9% during the analyzed period, while the main BET index fell by 1.7%, according to ZF calculations based on data from the Bucharest Stock Exchange.
BT Maxim, the fund managed by BT Asset Management, with RON204.4 million in net assets, reports a 6.83% yield for the last 12 months, which is the biggest level among the funds analyzed, and a 42.7% yield for the last 36 months.
Raiffeisen Romania Dividend, a fund of Raiffeisen Asset Management, with net assets of RON188 million, places second with a 6.29% yield for the last year and a 51.24% yield for the last three years.
The ranking also lists BRD Actiuni Clasa A, a fund managed by BRD Asset Management, with RON133.5 million in net assets, which reports a 5.72% yield for the last year and a 53.45% yield for the last 36 months.
The next two spots are held by the funds OTP Innovations (5.62%) and OTP Innovation – E (5.28%), which are managed by OTP Asset Management, with assets under management of RON3.5 million and RON1.5 million, respectively. These funds are new on the market, therefore, no yields are reported for the last three years.
The ranking also includes the funds BRD Actiuni Clasa E (5.16%), Certinvest BET-FI Index (3.87%), OTP AvantisRO – Clasa L (3.81%), Goldman Sachs Romania Equity (3.58%) and Erste Equity Romania (3.49%).
End-April 2023, the mutual fund industry had 24 local open-end equity funds, with a total 57,880 investors, as per AAF data.