Adrian Tănase, who manages equity fund ING Romanian Equity - oneof the biggest investors on the Bucharest Stock Exchange, isoptimistic about the performance of the stock exchange in 2011 andexpects more significant investments in Romanian equity when marketliquidity will allow it.
With around 268 million RON (62 million euros) in net assets undermanagement, equity fund ING Romanian Equity has over 140 millionRON (32.5 million euros) in investments on the Bucharest StockExchange, being one of the biggest institutional investors on theRomanian market. This compares with the 57 million-RON StockExchange investments of the biggest local equity fund, BTMaxim.
This year, the main local investments of ING fund have been inenergy sector equity considered to be "defensive" such as that ofTransgaz or Transelectrica, as well as stocks of thefinancial-banking sector such as BRD or Banca Transilvania.
"The year 2010 did not come as a surprise. We were aware of thedifficulties facing the Romanian economy at the beginning of theyear, that is why we preferred to invest in companies in'defensive' sectors in the region, with the strategy bearing fruitto a large extent," said Adrian Tănase, investment director of INGInvestment Management in charge of investments of ING RomanianEquity.
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