Top fund managers in November
November has seen some 3.25 billion lei (€0.75 billion) in new assets flowing into asset management funds, 11% more than a month earlier. However, top five fund managers list remained unchanged in November.
• 16 Decembrie 2009 • English
1 / 5
3. BRD Asset Management
2 / 5
2. Raiffeisen Asset Management
3 / 5
1. Erste Asset Management
4 / 5
5. OTP Asset Management
5 / 5
4. BT Asset Management
The four open-end investment schemes of BRD Asset Management had 280.4 million lei assets under management in November, up marginally from October.
BRD Societe Generale’s asset management unit grabbed a market share of 8.6% in the trailing month.
BRD AM doesn’t hold wrap accounts or closed-end investment schemes.
BRD Societe Generale’s asset management unit grabbed a market share of 8.6% in the trailing month.
BRD AM doesn’t hold wrap accounts or closed-end investment schemes.
Raiffeisen Asset Management retained its second position in November, with total assets under custody of 896.4 million lei.
Open-end funds have drawn the greatest interest in November, as total assets under management increased 27% up to 829.8 million lei.
Raiffeisen Asset Manangement launched in November the first investment fund in Romania with an asset allocation algorithm that picks the asset mix with euro-denominated interest and attracted €50 million in the first six weeks.
Closed-end funds’ assets grew 2% to 40 million lei, while wrap accounts’ assets increased 4.3% to 26.5 million lei.
RAM’s market share increased 12 percent in November to 27.5%.
Open-end funds have drawn the greatest interest in November, as total assets under management increased 27% up to 829.8 million lei.
Raiffeisen Asset Manangement launched in November the first investment fund in Romania with an asset allocation algorithm that picks the asset mix with euro-denominated interest and attracted €50 million in the first six weeks.
Closed-end funds’ assets grew 2% to 40 million lei, while wrap accounts’ assets increased 4.3% to 26.5 million lei.
RAM’s market share increased 12 percent in November to 27.5%.
After the acquisition of BCR Asset Management, Erste AM retains its top spot as the biggest fund manager in November, with total assets of 1.427 billion lei.
Closed-end investment funds have been the most popular in November, with 10% growth in assets under custody up to 1.42 billion lei.
Assets in wrap accounts grew 11% in the trailing month to 3.2 million lei.
However, Erste’s market share fell 11% to 43.8%.
Closed-end investment funds have been the most popular in November, with 10% growth in assets under custody up to 1.42 billion lei.
Assets in wrap accounts grew 11% in the trailing month to 3.2 million lei.
However, Erste’s market share fell 11% to 43.8%.
OTP Asset Management had 115.7 million lei assets under custody in November, 0.87% more than a month earlier, according to data provided by the Fund Managers Association (AAF).
OTP AM’s open-end funds had 102.2 million lei under management, while closed-end investment schemes’ assets grew 3% to 12.6 million lei.
In December, OTP successfully completed the initial public offering of the second closed-end fund due to be listed at the Bucharest Stock Exchange – OTP Green Energy.
The asset management firm also holds wrap accounts of 0.4 million lei. The aggregate market share stood at 3.5% in November, 18 percent more than a month earlier.
OTP AM’s open-end funds had 102.2 million lei under management, while closed-end investment schemes’ assets grew 3% to 12.6 million lei.
In December, OTP successfully completed the initial public offering of the second closed-end fund due to be listed at the Bucharest Stock Exchange – OTP Green Energy.
The asset management firm also holds wrap accounts of 0.4 million lei. The aggregate market share stood at 3.5% in November, 18 percent more than a month earlier.
Banca Transilvania’s asset management division, BT AM, reported a 7.13% growth in assets under custody in November, to 168.1 million lei and takes fourth spot in AAF’s top five fund managers list.
BT Asset Manangement’s closed-end funds gained favor among investors in November, with 9% growth in assets to 15.9 million lei, while open-end funds’ total rose 7% month-on-month to 149.8 million lei.
In November, the company had 2.3 million lei in wrap accounts.
BT Asset Manangement’s closed-end funds gained favor among investors in November, with 9% growth in assets to 15.9 million lei, while open-end funds’ total rose 7% month-on-month to 149.8 million lei.
In November, the company had 2.3 million lei in wrap accounts.
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