A third of the mutual funds in business for more than threeyears brought profit to investors during the 2007-2010 period, withthe strongest performance, of 43%, being registered by the onesinvesting in bonds and banking deposits. The rest of over 20 fundsare in the red.
The past three years' returns reveal that a good year for amutual fund does not necessarily mean the investors of that fundwill reap profit in the next two years. Few of last year'sperformers managed to gain a top position in terms of the pastthree years' yields.
Certinvest Obligaţiuni mutual fund reported the biggest yield ofthe past three years, of almost 43%. Its yield tops the 35% profita banking deposit would have brought and the 20.2% inflationrate.
At the opposite end are equity funds with losses of above 60%,which have not yet recovered from the stock market's 2008collapse.
"The past yields of a fund do not guarantee future performances.They can, however, offer investors information about the quality ofmanagement and investment strategy," said Horia Gustă, generalmanager of Certinvest management company, with over 92m RON worthof assets under management.
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