* Q3 profit up 7.3%
At the end of last month, the Proprietatea Fund had a net profit of 571.3 million lei (126 million Euros), down 3.2 million compared to the Q3 net profit, according to a press release sent to the Bucharest Stock Exchange (BSE).
In October, the net asset grew 1.32%, to 12.877 billion lei (2.839 billion Euros), from 12.71 billion lei at the end of September. The NAV also climbed to 0.9601 lei/share, from 0.9476 lei/share in September.
The receivables of the Proprietatea Fund at the end of last month fell 2.7 million lei compared to the previous month, down to 13.3 million lei.
The total value of the dividends earned this year is 623.6 million lei, of which 353.1 million lei (56.6%) will come from "OMV Petrom", and 140.63 million lei (22.5%), from "Romgaz".
At the end of October, investments in government bonds amounted to 312.2 million lei, up 18.75% over the amount at the end of September, of 262.9 million lei. Bank deposits fell 11.7%, from 509.1 million lei, in September, to 449.5 million lei, in October.
* The energy sector, 85% of the total assets
At the end of October, the holdings in companies in the energy sector amounted to almost 85% of the total assets of the Proprietatea Fund. The oil and natural gas sectors represented 47.03% of assets, compared to 46.21%, that of transport, distribution and supplying of electricity and natural gas, 24.91% (25.3% in September), and the production of electricity reached 12.21% (12.37% in September). Stakes in companies in the infrastructure sector represented 3.38% of the total value of assets, and those in banks amounted to 3.26% (3.04%).
Shares of "OMV Petrom" have remained its top largest holding, and their weight climbed from 35.23% to 36.21% of the assets, followed by the stake in "Romgaz", which represents 10.07% of the total (10.2% in September). T
