Assets of open-end investment funds shrink by another 2.6% in April
The net assets of the 236 open and closed-end funds in Romania, local and foreign, increased by 1.2% MoM in April, to RON 52.1 bln (EUR 10.5 bln), while since the beginning of the year, they have decreased by 2.9% YTD.
Andrei Chirileasa · Journalist
· Updated · 1 min read
The net assets of the 236 open and closed-end funds in Romania, local and foreign, increased by 1.2% MoM in April, to RON 52.1 bln (EUR 10.5 bln), while since the beginning of the year, they have decreased by 2.9% YTD.
The net outflows in April totalled RON 96 mln (EUR 19.5 mln), Ziarul Financiar reported.
The top 5 local open funds in the last 12 months recorded net annual returns between 13.2% and 18.5%; over a period of 36 months, the top 5 funds had yields between 58.3% and 72.1%, obtained over the last 3 years (compared to April 2019).
However, the net assets of the 89 local open-end funds decreased by 2.6% MoM in April to RON 21.6 bln (EUR 4.4 bln), and since the beginning of the year, they have decreased by 14.6%.
Local open-ended funds registered net outflows of RON 119 mln (EUR 24.2 mln) in April.
The deepest declines were for the funds specialised in bonds and fixed-income instruments (minus RON 187 mln).
(Photo source: Ungureanu Vadim/Dreamstime.com)
