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SIFs gain 18% in one month

Autor: Andrei Chirileasa

23.03.2011, 23:57 14

SIFs (financial investment companies) have become interestingfor investors again in the last month, when the BET-FI index rose18%.

In addition, the value of SIF transactions has risensignificantly since the beginning of the year, with brokers sayingpart of the money that exited Fondul Proprietatea (FP - PropertyFund) was invested in SIFs, with dividends distributed by thesecompanies also acting as a draw for investors.

In fact, the biggest rise was recorded in the past month by SIFMuntenia shares (SIF4), which gained 26%. SIF Muntenia has so farannounced the highest dividend yield, 6.5% currently.

"The banking sector is showing signs of a rebound. The bankshave started to budge again as far as lending is concerned,lowering interest rates. These are reasons for growth for SIFs,which still have a high exposure to the banking sector," explainsOctavian Dragolea, broker with IFB Finwest.

On the other hand, bank shares have gained less than 5% in thepast month, and the BET index gained around 3.7%. In contrast, theshares of companies that announced significant dividends, such asZentiva (SCD) and Apcarom (APC), were among those with highestgrowth.

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