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Equity funds start looking for profit

09.03.2011, 22:00 9

2011 starts in full speed for funds present on the BucharestStock Exchange. Their rise comes after two years - 2007 and 2008 -in which the Bucharest Stock Exchange became almost synonymous withloss, and investors only wanted a safe place to keep their money,in a bank deposit or a monetary fund.

With an inflation threatening to bite deep into yields, willinvestors rediscover the bittersweet taste of risk? In the firsttwo months of this year, however, investors in equity funds yieldedan average return of 5% of the invested amount, with the maximumyield climbing to 8.5%, which a bank deposit would have fetchedthem perhaps in a year, writes BUSINESS Magazin weekly.

The top performer of the beginning of the year was BCR Expertequity fund, managed by Erste Asset Management, with an 8.5% yield.Not all equity funds were winners of this beginning of the year,though: Omninvest lost 8.7% in the first two months, Omnitrust lost5.36% of its value, while the Raiffeisen Prosper fund unit lost4.6%.

Although the yields of certain equity funds are stronglycompeting with interest rates, none of them has managed to performbetter than the equity market, i.e. the main stock exchange indexBET.

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