The net assets of the 215 investment funds registered an increase of 18.1pct in 2019, and in December last year they reached 49.5 billion lei (10.4 billion euro), informs the Fund Managers Association (AAF).
The top 5 funds (open locally) in 2019 registered annual net yields between 36.1pct and 42.9pct.
The Fund Managers Association is the professional non-governmental organization of operators in the Collective Investment Undertakings (O.P.C) Romania, which brings together 18 investment management companies (S.A.I.), Fondul Proprietatea, 5 Financial Investment Companies (SIFs) and 4 depository banks. Since December 2007, the AAF has been a member of the European Fund and Asset Management Association (EFAMA).