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.
Romania is set to host the 2025 World Cat Championship — “FIFe World Winner Show,” the world’s most prestigious feline competition, in Bucharest on October 25–26. Each year, the most beautiful and valuable cats from around the globe participate in this contest to claim the World Champion title. Out of the 1,000 to 1,500 cats […]
Nine Audio-Visual Monographs, an interactive audio-visual exhibition that showcases elements of the project that explores nine villages in Romania, opens on November 7 at the Visual Studies Center in Bucharest. The project aims to offer a fresh look at nine villages and their communities - Șomartin, Titești, Slătioara, Brădetu, Jupânești, Șotrile, Bisoca, Rogojeni, and Jurilovca. […]
For its 13th edition, GoTech World, the largest B2B expo conference with IT and digital solutions in Central and Eastern Europe, promises two days of innovation and inspiration at Romexpo, Pavilion B1. This year, the event will bring global opinion leaders, cutting-edge solutions, and strategic technology partners to the forefront. This edition’s special guest is […]
The amendments to the new Forestry Code bill that aim to legislate green belts nationwide got the green light from the committee for environment and ecological balance in the Chamber of Deputies on November 5, marking an essential step in the bill's legislative process in the Parliament. Two other expert committees must also debate and […]
The Ministry of Economy, Entrepreneurship and Tourism (MEAT) has kicked off a new campaign to boost Romania's visibility as a tourist destination abroad. As part of the latest drive in the UK, 250 buses in London, Manchester, Birmingham, and Liverpool carry the message "Hop on board to Romania" for a month, from November 4 to […]
The Romanian Ministry of Culture announced that it will provide support, through the Project Management Unit, for 47 projects in the cinematography sector through its program "Supporting Cultural Initiatives to Accelerate the Digitization of Film Production and Distribution, Including Cinematic Films." The program, which includes a call for projects, aims to support Romanian film producers […]
