The net assets of local investment funds increased by 3.4% in November this year, exceeding EUR 4 billion, according to the Association of Asset Managers (AAF), reports local Capital.ro.

The net assets of foreign funds distributed in Romania increased by 3.5% month-on-month in November, to EUR 433 million.

According to AAF, the net assets held by the 27 closed funds were up 4.5% in November to EUR 168 million, while the net subscriptions reached EUR 108.9 million.

Irina Popescu, irina.popescu@romania-insider.com