Net asset value of open and closed investment funds increased by 0.6 percent in March to EUR 8.86 billion

Aurel Dragan 26/04/2019 | 13:33

The net assets value of the 201 open and closed local and foreign funds increased by 0.6 percent in March to RON 42.2 billion (EUR 8.86 billion), up 0.7 percent since the beginning of the year, while net outflows of the month totaled RON 24.6 million (EUR 5.2 million), according to the Association of Fund Managers (AAF).

Compared to February, the net assets of the open and closed local and foreign funds increased by 2.4 percent to RON 42 billion (EUR 8.8 billion), while net outflows of the month totaled RON 207 million (EUR 43.7 million).

The net assets value of the 80 local open-end funds increased by 0.6 percent in March compared to February to RON 21.5 billion (EUR 4.5 billion), while the decrease in the current year reached 0.2 percent.

The local open-end funds registered net outflows of RON 19 million (EUR 4 million) in March, with guaranteed capital (RON -11.9 million), those under the category “other funds” (RON -7.6 million), the absolute yields (RON -5 million) and the shares (RON -4.3 million), while the fixed income bonds (RON +6.3 million) and the diversified ones (RON +3.4 million) benefited from net inflows.

The net assets value of the 91 open foreign funds distributed in Romania increased by 0.1 percent in March compared to the previous month to around RON 0.78 billion.

Foreign open funds distributed in Romania, with a 3.5 percent share in the total assets of open-end investment funds, recorded net inflows of RON 1.1 million in March.

The net assets of the 30 closed funds (including SIFs and Fondul Proprietatea) increased by 0.5 percent in the reported month to RON 19.9 billion lei (EUR 4.2 billion). The local closed funds had net outflows of RON 6.7 million (EUR 1.4 million) in March.

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