The assets administered by Raiffeisen Asset Management stood last year at over EUR 500 million (RON 2194 million), which stands for a 105 percent increase compared to the over EUR 250 million (RON 1069 million) assets volume at the end of 2009. The data was published by the Fund Administrators Association.
The market share of Raiffeisen Asset Management stood at 38.2 percent, up from 30.3 percent at the end of 2009.
The increase in assets was supported by the interest carrying funds such as Raiffeisen Monetar (an increase of RON 600 million), Raiffeisen Europlus (an increase of over RON 450 million), and Raiffeisen Dolar Plus (with assets of approximately RON 40 million). The protected capital fund Raiffeisen Confort seriers 2, which was launched in 2010, now administers approximatelt RON 40 million, and stands out as the fund with the largest subscriptions volume recorded last year among funds investing in shares also.
The number of investors in Raiffeisen funds stood at 40,000 last year, compared to approximately 23,000 at the end of 2009.
“The high growth rhythm of amounts invested in investment funds in Romania over the past two years stands for the beginning of a diversification trend of Romanians investments beyond the traditional saving instruments. Looking at the allocation of family financial assets in Romania compared to other countries in Central and Eastern Europe it is easy to understand that the market of investment funds has the potential to multiply several times in the coming years. At present, only over 2 percent of Romanians financial assets is placed in investment funds. As the economic growth returns and gets closer to the potential, the trust in the economy will increase, and the interest rates will go down; this gap might get narrower on the medium and long term,” said Mihail Ion, president of Raiffeisen Asset Management.