Net assets of investment funds increase 2.4 pct in February, up to 42 billion lei

The nest assets of the 203 open-end and closed-end, local and foreign funds increased by 2.4 per cent in February, up to 42 billion lei (8.8 billion euros), the growth recorded from the beginning of the year being of 0.1 per cent, while the net outflows of the month totalled 207 million lei (43.7 million euros), according to the Association of Fund Administrators (AAF) according to Agerpres.

In January, the net assets of the 206 open-end and closed-end, local and foreign fund dropped by 2.2 per cent, down to 41 billion lei (8.7 billion euros), while net outflows of the months accounted for 381 million lei (81.1 million euros).

The net assets of the 80 local open-end funds stayed in February at the same level as in January, of 21.4 billion lei respectively (4.5 billion euros), while the drop in the current year was of 0.8 per cent.

The local open-end funds registered net outflows of 191.2 million lei (40.3 million euros) in February, under target being the bond funds and the fixed income instruments (-88.6 million lei), the ones under the "other funds" category (-48.7 million lei), the diversified one (-19.3 million lei), the ones with guaranteed capital (-12.5 million lei), the ones with shares (-12.2 million lei) and the ones with absolute yield (-9.8 million lei).

The net assets expressed in lei of the 93 open-end foreign funds distributed in Romania dropped by 0.3 per cent in February compared to the previous month, to around 0.77 billion lei (0.16 billion euros).

Foreign open-end funds distributed in Romania, with a 3.5 per cent share in the total assets of open-end investment funds, recorded net outflows of 17.1 million lei (3.6 million euros) in February.

The net assets of the 30 closed-end funds (including SIFs and Proprietatea Fund) increased by 5.1 per cent in the reported month, up to 19.8 billion lei (4.2 billion euros). Local closed-end funds had net inflows in February of 0.9 million lei (0.2 million euros).