Investors are no longer enticed by the three-digit yields of equity funds, preferring non-risky investments in monetary funds and in bonds, which in the past month alone attracted 116 million RON from the market.

The mutual fund industry ended February with 3.86 billion RON in net assets, 5.7% more than in the first month of the year, especially because of net inflows, which amounted to 116.4 million RON, as reported by monetary funds, reveals the monthly report of the Association of Fund Managers (AAF). The seven monetary funds reached over 2.1 billion RON in net assets. BCR Monetar and Raiffeisen Monetar attracted the most significant net inflows, over 80 million RON each.

Equity funds fared the worst, attracting 9 million RON from investors, whilst the 25 balanced funds lost 14.4 million RON last month. Equity funds Raiffeisen Romania Actiuni and BT Maxim saw the most significant net inflows, 4.4 million RON and 3.5 million RON respectively.