Radical changes in fund investor profile after FNI collapse
Autor:
Roxana Daniela Pricop
09.08.2010
The profile of mutual fund investors has gone through radical
changes in the ten years since the collapse of FNI (The National
Investment Fund). The degree of financial education has increased,
and fund investors are less and less willing to risk losing their
savings.
The number of people with investments in mutual funds topped 200,000 in July, a record level for the last decade, after the all-time high of over 370,000 investors was reached in early 2000. More than half the over 200,000 investors currently have investments in money and bond funds, known as conservative investments with a low-risk profile and with yields slightly over the interests of bank deposits. Over the last 12 months, bond and money funds have yielded up to 11.6%, the high hit by BCR Obliga]iuni fund. At the opposite end, equity funds, with an up to 83.2% yield in the past year reached by BT Maxim fund, managed to attract ten times fewer investors than funds with conservative investments.