More than 200,000 investors are keeping their money with mutualfunds, a record high level in the post-FNI (National InvestmentFund) history of the domestic investment industry. "The number ofinvestors is an indicator that mutual funds have regained theconfidence capital lost in the wake of FNI collapse. The industry'sperformance is all the more relevant as the record high level of202,000 investors was reached amid an international financialcrisis," said Drago[ Neac[u, chairman of Erste Asset Management,the biggest fund manager domestically. In the wake of FNI collapsein the early 2000s, the number of investors in funds had plungedfrom over 200,000 to 50,000 in a matter of months, with months ofslow growth following. Though years of crisis, 2008 and 2009 wereyears of records for mutual funds, which managed to attract over100,000 new investors owing to Erste Asset Management andRaiffeisen Asset Management banking managers. The funds saw furthergrowth this year, when the number of new investors topped 40,000,according to official data provided by the Association of FundManagers in late July.
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