Over 755,000 people are investors in opened investment funds in Romania, in quarter 3, 2024, 200,000 more than in the same period of 2023, while active stock reached 26 billion lei, said Horia Gusta, the president of the Association of Fund Administrators (AAF). In his turn, Jan Pricop, AAF CEO, pointed out the investment fund market in Romania had grown in quarter 3, 2024 compared to the same period of 2023, to 46 billion lei. “At present, we are in a recovery period compared to the end of 2022, especially in the segment of open investment funds. The market reached, at the end of quarter 3, 2024, 46 billion lei, of which about 26 billion of net active stock of open investment funds. Quarterly, compared to 2023, we had a 37% increase, compared to the previous quarter, we have an increase of at least 6%, with active stock of 26 billion lei, starting quarter 3 with 1.27 billion lei, which are by 300% higher than in the same period of 2023. Another important increase, of 52.4% was at the level of diversified funds. Bond funds and instruments with fixed income had an important rise, as they had the highest share in the whole segment. Their rise was 24.4% in total, while the market level increase of funds opened was 37% against quarter 3, 2023 in the segment of open investment funds, stock funds representing 25%. At European level, this segment has a share of 33%, while in the US it is 55%. Somehow we are going towards the European percentage and maybe we will also get close to the US market structure,” Pricop said. The number of investors, in quarterly evolution in Romania recorded an additional 37% from one year to another, with a notable increase of 74.25% with stock investment funds, where the level of 100,000 investors was reached, from 64,000, in quarter 3, 2023. “Another notable increase is at the level of diversified investment funds, where we have a plus of 42% and a total number of 184,000 investors.Bond funds and fixed income instruments remained popular. We have about 279,000 investors. There is also an absolute increase at diversified fund level, with a plus of over 54,000 investors, about 48,000 additional investors in bond shares, compared to last year , while we have over 71,000 investors in other funds. As for net quarterly subscriptions there is a drop against quarter 2, 2024. At the same time we notice that compared to quarter 3, 2023, we have four times higher net subscriptions of 1.27 billion lei”, he added. BVB and the Association of Fund Administrators (AAF), organized on Tuesday, a debate on the performance of investment funds at the end of quarter 3, 2024 and 2025 prospects.
The fifth edition of The Economist Romanian Business & Investment Roundtable bought a dynamic discussions on Romania’s evolving economic landscape. Amid intensifying global competition and emerging protectionist trends, speakers highlighted that globalization is not in decline but undergoing transformation. While great power rivalries reshape market conditions, Romania remains well-positioned to adapt and thrive by strengthening […]
Bela Fleck, Meshell Ndegeocello, and Adi Oasis are among the artists set to perform at this year's edition of JAZZx, the jazz festival held in Timișoara, in western Romania. They add to the first announced names, namely Jacob Banks, The Philharmonik, New Fossils, and Zaharenco. The event, at its 13th edition this year, will take […]
The number of investors in mutual funds is approaching one million, and that the value of the mutual funds' net assets increased by 30% y/y to RON 24.44 billion at the end of last year, speakers attending a Bucharest debate on the topic explained. The net inflows maintained their upward path in the fourth quarter […]
Romanian member of the European Parliament Victor Negrescu, S&D, said that Romania benefits from a strong IT sector, making it the “digital tiger of Europe.” The statement was made at the Romanian Digital Day event, which Negrescu organized within the European Parliament. The event aimed at promoting the potential of Romania’s digital sector at the […]
Lender Banca Comercială Română (BCR), part of the Austrian Erste Bank Group, will use an EV modular truck to offer banking services in Romania's rural and small urban communities. The initiative, dubbed a "100% electric mobile bank," adds to the bank's first mobile unit, which went into use in October 2022. It is part of […]
Marius Costin took over as CEO of payment services provider Netopia Group starting March 14, while Niculae Vasile has been appointed the group's CTO, the company announced. Co-founder Felix Crisan had previously held both roles. Marius Costin, who was previously the CEO of PayU Romania and the CEE CEO of Mokka, will work "to strengthen […]
