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The Bourse rekindles equity funds’ hopes and brings them back among the most profitable investments

02.08.2010, 23:04 9

Equity funds ended July with yields as high as 13.6%, a peakreached by AI XT Index, taking full advantage of the Bourse's rallyof last month and also of investors' improving sentiment aboutrisky placements. AI XT Index, managed by Aviva Investors, is theindustry best performer, with a 13.6% yield in the first 7 months,with its portfolio being structured along the BET-XT index thatreflects the trend of the 25 most liquid companies, including SIFs.To seize market opportunities, the fund "overexposed itself" tocertain stocks of the index structure, thus managing to garner ayield topping the 8% increase of the BET-XT index. Ranking secondand third are equity funds BCE Expert, managed by Erste AssetManagement, with an 11.96% yield, and Raiffeisen România Acţiuni,managed by Raiffeisen Asset Management, with an 11.1% yield inJuly. To grow further, the bourse needs more than positivefinancial reports from listed companies, it needs the economicenvironment to improve.


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