Net assets of local investment funds go up over 10 pc in 2014 Q1

The net assets of the local investment funds went up 10.5 percent in the first quarter of 2014, exceeding EUR 3.2 bln and those of foreign funds distributed in Romania went up 0.7 percent, to EUR 352 M, announced the Association of Fund Administrators. The net assets held by the 26 closed funds advanced 10 percent in Q1 (9.5 per cent in March), reaching EUR 139 M at the end of March. Over EUR 268 M represented net underwritings, out of which EUR 84 M, in March. The number of investors in the collective investment funds went up 4.6 percent in Q1. The Association of Fund Administrators is the non-governmental professional organisation of operators in the collective investment bodies of Romania, gathering 21 investment administration companies, five financial investment companies and three depositary banks.

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