ZF Agresiv up 11% in three months

The ZF Agresiv (aggressive) portfolio calculated by Ziarul Financiar continued to perform better than the market average over the last three months, recording an 11% rise, compared with a 9.5% increase of the BET index (which measures the ten most liquid shares on the Bucharest Stock Exchange), which is similar to that of the ZF Moderat (moderate) portfolio. The Conservator (conservative) low risk portfolio rose by 6.5%. The portfolios were created last year by ZF to simulate three different stock investment strategies, and starting yesterday, the three portfolios have a new makeup. The Conservator portfolio now also includes shares of Bermas Suceava (BRM), Farmaceutica Remedia (RMAH), companies that operate in sectors less sensitive to economic fluctuations, alongside investment fund OTP WiseRO (WRO). Shares of Transelectrica (TEL) were transferred from the Conservator to the Moderate portfolio due to the high indebtedness level and to the significant fluctuations in financial results. The Agresiv portfolio now includes shares of Imotrust Arad (ARCV) which last year only made up for a small share of the 98% decline recorded in 2008.