Romanian Proprietatea Fund Profit Rises To RON536M In November
Romanian investment fund Fondul Proprietatea Thursday said its net profit inched up 0.5% to 536 million lei (EUR123.4 million) in November, from RON533.4 million a month earlier.
The fund reported net assets of RON14.4 billion, down 3.6% from RON14.94 billion at the end of October.
Around 33.1% of Fondul Proprietatea’s assets were listed equities, while 63.54% non-listed equities. Net cash and receivables stood at 3.37% of the net asset value.
Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism.
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