The merger was completed June 22 and the Financial Supervisory Authority ASF has recently wrote off Zepter Equity and Zepter Mixt from records.
The new fund called Zepter Defensive has 8.68 million lei assets.
Zepter Asset Management is a small asset management company on the local market with over RON20 billion assets. The merger was most probably driven by cost-efficiency reasons.
(English version by Manuela Panescu)