Net assets of local and foreign investment funds down 4.9 pct year-to-date
Publicat:The net assets of the 206 local and foreign open- and closed-end investment funds increased 0.7 percent in September to 43.5 bln lei (9.32 bln euro), but were 4.9 pct down since the beginning of the year, the Fund Managers Association (AAF) announced in a release on Tuesday.
Net outflows this September totaled 157 million lei (33.7 million euro). The net assets of the 78 local open-end funds were 0.5 pct down in September from the month before to 20.3 billion lei (4.35 billion euro) while the year-to-date decline is 10.6 pct.
Net outflows from local open-end funds this September…
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