Local and foreign investment funds' net assets down 5.6 pct year-to-date
Publicat:Net assets managed by the 206 local and foreign open- and closed-end investment funds were by 0.7 pct less this October, at 43.2 billion lei and 9.25 billion euro, respectively, and 5.6 pct down since the beginning of the year, with net outflows of the month amounting to 234 million lei (50.2 million euro), Romania's Fund Managers Association (AAF) reported on Tuesday.
The net assets of the 78 local open-end funds were 1.3 pct down in October from the previous month to 20 billion lei (4.29 billion euro) while the year-to-date decline is 11.8 pct.
Net outflows from local open-end…
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