Mutual funds net assets rose by 2.4 percent last month to RON 42 billion

The net assets of the 203 open and closed funds, local and foreign, rose 2.4 percent in February to RON 42 billion (EUR 8.8 billion), registering an increase of 0.1 percent since the beginning of the year, while the net outflows of the month totaled RON 207 million (EUR 43.7 million), according to the Association of Fund Managers (AAF).

In January, the net assets of the 206 open and closed funds, local and foreign, decreased by 2.2 percent to RON 41 billion (EUR 8.7 billion), while the net outflows of the month totaling RON 381 million (EUR 81.1 million).

The net assets of the 80 local open-end funds were in February at a level similar to that in January, i.e. RON 21.4 billion (EUR 4.5 billion), while the current year’s decrease was 0.8 percent.

Local open-end funds recorded net outflows of RON 191.2 million (EUR 40.3 million) in February, with fixed and fixed income (RON 88.6 million) funds, those under the ‘other funds’ (RON 48.7 million), the diversified ones (RON 19.3 million), those with guaranteed capital (RON 12.5 million), the shares (RON 12.2 million) and the absolute yields (RON 9.8 million).

The net assets expressed in lei of the 93 open foreign funds distributed in Romania decreased by 0.3 percent in February compared to the previous month to around RON 770 million (EUR 160 million).

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The foreign open funds distributed in Romania, with a 3.5 percent share in the total assets of the open-end investment funds, recorded net outflows of RON 17.1 million (EUR 3.6 million) in February.

The net assets of the 30 closed funds (including SIFs and Fondul Proprietatea) increased by 5.1 percent in the reported month to RON 19.8 billion (EUR 4.2 billion). Local closed funds had net inflows in February of RON 0.9 million (EUR 0.2 million).