In March, the stocks traded at the local stock exchange have fared better, as well as the local currency, which stirred up the investors’ interest on mutual funds that collectively passed the 1 bln lei mark, Romanian Association of Asset Managers’ statistical report found.
The top performer in first quarter was BCR Asset Management with 488.8 mln lei assets under management and 45.5% market share.
BRD Asset Management remained on second position in first quarter, with 131.3 mln lei assets under management and 12.2% market share.
Raiffeisen Asset Management attracted assets worth 115.1 million lei and owns 10.7% of the market, followed by EFG Mutual Funds Romania with 68 mln lei assets under management and 6.3% market share.
The asset management division of Banca Transilvania, BT AM lags on no5 spot managing 57.6 mln lei assets and 6.3% share.
Money-market funds, on top of investors’ preferences in Q1
In first quarter, the number of investors in mutual funds climbed by more than 8%, while the value of net underwritings exceeded 33.5 bln euro mark, of which 75% being attracted by money-market funds. Assets attracted by mutual funds amounted to 1.073 bln lei in Q1.
