Property Fund 8-month profit reaches EUR 227 mln

Newsroom 15/09/2014 | 17:49

The Property Fund (FP), the EUR 3.4 billion closed-end fund managed by Franklin Templeton, has registered a profit of EUR 226.6 million in the first months of this year, almost double compared to the same period of last year.

The net asset value (NAV) of the fund slightly grew to EUR 3.39 billion, with 50.37 percent of it accounting for listed equities.

The biggest holding of the FP was in Austrian oil company OMV Petrom, which represents 35 percent of the NAV.

The fund’s portflio is heavily weighted towards the energy sector, including gas and electricity, which account for close to 85 percent of its NAV. Unlisted equities had a 41.7 percent share in the NAV, while net cash and receivables had the rest.

FP’s biggest shareholder is US-based hedge fund Elliott Associates, which has 15.2 percent of the share capital.

Ovidiu Posirca

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Newsroom | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue