The net assets of the 247 local and foreign open-end and closed-end funds decreased by 1.5% in November to RON 47.7bn (€9.6bn) compared to the previous month, and have increased by 20.1% since the beginning of the year, according to a statement by the Association of Fund Managers. According to the quoted source, the net inflows of the month were 193 million lei (38.7 million euro).The 5 best-performing funds over the past 12 months have net annual returns of between 20% and 40.5%; over a 36-month horizon, the 5 best-performing funds have returns of between 47.1% and 104.4%, achieved over the past 3 years (as of November 2021). The net assets of the 94 open-end funds dropped in November by 0.4% down to 26.3 billion lei (5.3 billion euro) and since the beginning of the year they grew by 29.1%.The local open-end funds recorded in November net inflows of 170 million lei (34.2 million euro) bond and fixed-income funds(+ RON +163.8 million) diversified funds (+ RON +19.4 million) and funds grouped under "other funds" (+ RON +14.1 million), while equity funds (- RON -26.5 million) and absolute return funds (- RON -0.6 million) had net outflows. The RON-denominated net assets of the 117 foreign open-end funds distributed in Romania increased in November by 4.9% compared to the previous month, totalling RON 2.2 billion (EUR 0.45 billion), and they have grown by 21.1% since the beginning of the year. Net assets of the 36 alternative investment funds decreased by 3.7% in November to RON 19.2 billion (EUR 3.9 billion) and have increased by 9.5% since the beginning of the year; local alternative investment funds had net outflows of RON 1.4 million (EUR 0.3 million) in the reported month.
On Monday, January 13, officials at the Cantacuzino Hospital in Bucharest alerted police that a man stole three amputated legs from the storage area. While two were later found, the third is still missing. The incident took place three days prior, on January 10, and was captured by surveillance cameras. Images published by Euronews Romania […]
The General Prosecutor's Office announced on Wednesday, January 15, that criminal prosecution has been initiated again against former president Ion Iliescu and ex-prime minister Petre Roman in the case targeting the violent crackdown of the protests in Bucharest's University Square on June 13-15, 1990, also known as the Mineriada (miners' riot). The two are facing […]
Approximately 62% of employees in Romania intend to change their workplace in the next six months largely due to financial reasons, according to a survey conducted by the online recruitment platform Bestjobs. Approximately 48% of respondents intend to change their workplace because they want a better salary, 13% due to a lack of professional development […]
Roborock, a global leader in intelligent cleaning solutions, announces the launch of its latest innovation, the Roborock Qrevo Curv, a state-of-the-art robot vacuum and mop designed to redefine home cleaning. This revolutionary product combines cutting-edge technology with an innovative cleaning system to offer an unparalleled cleaning experience for consumers. "Roborock Qrevo Curv represents a new […]
Bucharest mayor Nicușor Dan announced that his administration will draw inspiration from the Icelandic model to combat and prevent drug use among young people. The mayor also stated that building a medical facility dedicated to those struggling with addiction is being considered, using spaces belonging to Colentina or Obregia hospitals. “As Bucharest residents decided through a […]
A young deer trapped in the icy waters of a pond near Fălticeni, Suceava county, was recently saved by a team of firefighters. According to the Emergency Situations Inspectorate, which shared a short video of the rescue mission, the fawn had attempted to cross the frozen pond, but the thin ice cracked beneath its weight, […]
