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).

andrei@romania-insider.com

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