The investment fund industry reached new historic levels in quarter 3, so that the value of administered shares grew by 24% against September 2020, while the number of investors reached 525,000 in the last 12 months, recording a 24% advance, said Jan Pricop, executive director of the Association of Fund Administrators (AAF) on Tuesday, at a debate organized by Bucharest Stock Exchange and AAF. He pointed out that open investment fund segment which addresses mainly retail investors, has recorded a positive evolution in the last quarter. “We had again net positive incomes, in trend with what has happened, with the evolution since the beginning of the year. Practically, we have a 23% increase of active stock, the increase is for bond funds and 12% for instruments with fix income. For diversified funds we have an important stock increase of 74%, for share funds we have a stock increase of 102.3% and we also have an increase of 24.3% for funds included in the “other funds”category, in the last 12 months”, Pricop pointed out. At the same time, there was an important increase of the number of investors in the bond fund segment, with a plus of 51,000 investors. As for net incomes, Pricop mentioned that compared to September 2020 there is a change of trend. “Lats year we recorded net outcomes in September, this year we register net incomes,” and net incomes this quarter are dropping by 61% compared to the previous quarter. The number of investors grew by 30% against September 2020 and in quarter 3 it was 7%. In his turn, Horia Gusta, the president of AAF, said that the last year brought “important and interesting figures, closely related to the main stock exchange indexes.” “Compared to the end of September 2020, today we have 100,000 more investors in the asset management industry. Today, the whole industry has 524,000 investors in open and closed funds, in alternate funds. While a year ago we had 16,300 investors in stock funds, today the number is more than double: there are over 33,000 investors and stock also doubled,” Gusta said. He showed that “profits delivered to investors by stock funds is an important aspect”. “We have profits starting with 45% top 5 and continue to 65% in the last 12 months. I think there are profits drawing everybody's attention, profits coming from a very transparent industry, very well supervised which comes to meet the needs of people who have resources to save by means of funds,” Gusta also said.
“Little London” Theoretical High School, a private educational institution in Romania that values the Romanian educational system, has started construction work for the expansion of its school campus located in Voluntari, on Erou Iancu Nicolae Street. This initiative will increase high school capacity by 30% starting from the 2025-2026 academic year. In this context, the […]
British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]
Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]
Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...
The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18. CMPB reported a net profit of RON 28.3 million for January–June […]
Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]
