Romanian Open-End Fund Assets Up 0.1% In November, To RON6.9B
The assets of local open-end investment funds inched up 0.1% in November, to 6.898 billion lei (EUR1.59 billion), and clients withdrew a total RON30.1 million (EUR6.9 million) from these funds.
In total, open-end fund clients subscribed units for a total RON383.7 million and withdrew RON413.8 million. This resulted in net outflows worth a total RON30.1 million, according to data from fund manager association AAF.
In foreign open-end funds managed by a member of the AAF, subscriptions cumulated RON5 million, while withdrawals reached a total RON10.1 million. As such, foreign fund clients were net redeemers, with a total RON5.1 million withdrawn.
As such, the net assets of foreign funds dropped 5.4% in November, to RON1.169 billion.
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