The strong growth in quotes on the Bucharest Stock Exchange and the stagnation of the interests on the monetary market amid a downward inflationary trend have finally generated gains in real terms for mutual fund investors. The average growth of the shares of the Romanian mutual funds was 14% in the last twelve months, as revealed by the Union of Collective Placement Bodies (UNOPC) while the inflationary rate in the same time amounted to 13.7%. Government securities, which account for more than 70% of the total assets of the Romanian funds, are still yielding up to 18%, whereas the yields of the municipal bonds, which have attracted part of the funds' investments in the last few years are now ranging between 20%-22% a year. Quotes on the Bucharest Stock Exchange have progressed by more than 30% since the beginning of the year alone, yet listed securities account for only 6% of the funds' investments. Highest growth was again achieved by the funds investing in shares on the Bucharest Stock Exchange last month. ZF
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
