16 aug 2011

Mutual fund investors reacted more calmly than bourse speculators in the face of the financial turmoil of the August 5-12 week, even as losses reported by some mutual funds went as deep as 20%. more

16 aug 2011

Mukul Pal, head of Orpheus Capital investment consultancy of Cluj-Napoca and one of the few analysts who foresaw the corrections witnessed by the regional investment funds (SIFs) in the spring of more

15 aug 2011

Banking stock and shares of Romania’s largest companies have been the main acquisition targets for Franklin Templeton, the manager of Fondul Proprietatea’s EUR3.8 billion assets. more

10 aug 2011

Investors on the Bucharest Stock Exchange Tuesday had one of the most troubled sessions in the last three years, with panic sell-offs prompting market indexes to fall by over 12% at one point. more

9 aug 2011

The Bucharest Stock Exchange on Monday recorded the largest decline in Europe, with listed companies losing EUR1 billion of their value in one day. President Traian Basescu and BNR (National Bank of more

8 aug 2011

The Bucharest Stock Exchange on Monday suffered one of the deepest corrections of recent years, reminding investors the moments of panic in the fall of 2008, when at times all the shares plunged more

5 aug 2011

On Thursday, on the initiative of Ioan Cuzman, president of SIF Banat-Crisana, the management teams of the five regional investment funds (SIF) met the group of shareholders owning 5% in the capital more

4 aug 2011

Austria’s Erste Group Bank (EBS.RO), majority shareholder of Banca Comerciala Romana, or BCR, could pay EUR1 billion for the remaining 30.1% in the bank, which is in the hands of the five regional more

3 aug 2011

Fondul Proprietatea (FP.RO), managed by Franklin Templeton, has almost used up the money earmarked for the share buyback program, but its share price has not increased. more

2 aug 2011

Funds that invest in stocks have visibly reduced their yields, with Star Next fund registering the highest return at 8% for the first seven months of the year, amid fears over the sovereign debt in more

29 iul 2011

Most Romanians who have left their fortunes in the hands of mutual fund managers prefer investments in shares and bonds, but gold is gaining more ground amid fears over the sovereign debt crisis in more

29 iul 2011

Certinvest, the largest independent asset manager providing personalized services, bought more than ten kilos of gold worth an estimated EUR350,000 for some of its clients looking for an investment to more

28 iul 2011

Greg Konieczny, manager of the EUR4 billion assets of Fondul Proprietatea, says Petrom’s offering had a “disappointing” result because it was not well structured. The fund’s official offered more

27 iul 2011

The publishing by Fondul Proprietatea of state-controlled companies’ reports reveals a rise in salary costs and in the number of employees. The ten largest state-owned companies in the energy sector more

21 iul 2011

Some 200 Romanians are investors on the NYSE and NASDAQ markets in the US, the world’s largest. The value of investments operated by them revolves around several million euros, according to ZF more

19 iul 2011

More people were interested in buying or selling foreign currency and collecting their pensions on Monday than standing in line at those bank wickets where they can subscribe to the largest share more

12 iul 2011

None of the eight money market funds on the Romanian market has managed to yield more than the annual inflation rate of 7.93% in the last 12 months. more

7 iul 2011

Franklin Templeton, the manager of the EUR4 billion assets of Fondul Proprietatea (FP.RO), has decided to take the fund to the Warsaw Stock Exchange because that is where the money is, so that the more

7 iul 2011

The five largest equity funds have lost 300 investors since the beginning of the year and recorded net withdrawals of around 15 million lei (EUR 3.59 million), although the overall trend of the stock more

1 iul 2011

OTP Obligatiuni (former Balansis) sold all the shares in its portfolio before the bourse started seeing corrections and became the best-performing mutual fund with a 10.8% return in the first six more

29 iun 2011

Analysts expect the Romanian state to carry out a public sale offer on the bourse for its 45% stake in Rompetrol Rafinare (RCC.RO) if it fails to recover the EUR516 million historic debts from the more

27 iun 2011

Franklin Templeton replaced Bancpost, a bank controlled by Greece’s EFG Eurobank, after a three years’ mandate as a depositary and custodian of the 16.4 billion lei (EUR3.89 billion) assets of more

22 iun 2011

The members of the National Securities Commission (CNVM) are now gaining as much as those of the Securities and Exchange Commission (SEC), the watchdog of the biggest bourses in the world, even though more

20 iun 2011

South-African real estate investment fund New Europe Property Investments (NEP.RO) made its debut on the Bucharest Stock Exchange with transactions worth just 2,600 lei (around EUR600). On the same more

20 iun 2011

Franklin Templeton, the manager of the EUR4 billion assets of Fondul Proprietatea (FP.RO), plans to cancel all the 66.7 million shares the fund has so far repurchased from the Bucharest bourse to more