Fondul Proprietatea (FP) in February invested around 305m lei(72m euros) and boosted the number of stakes in listed companiesfrom 28 in late January to 30, according to the net asset reportssent to the BSE.
The fund's liquidities, which include cash, banking deposits andthe T-bill portfolio, shrank from 1.323bn lei (311m euros) at theend of January to 1.017bn lei (239m euros) in late February.
On the other hand, the fund's listed stock portfolio rose invalue by around 835m lei (196m euros) to 6.06bn lei (1.25bn euros).In the increase, around 500-550m euros represent the value growthof listed stakes in the fund's portfolio and the gap may berepresented by new investments.
However, the reports sent to the Bourse do not show in what themoney was placed, but part of it is likely to have gone into BRDstock, the only stock on the Bourse that were the object of majordeals in February.
These would be the first investments Franklin Templeton US grouphas made since it took over the management of FP assets, inSeptember 2010, after in the first phase it focused on the fund'sfloatation and on litigation with the state on some decisions theEconomy Ministry made on the energy companies in its portfolio.
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