Fondul Proprietatea (Property Fund-FP) is getting ready to fallin line with foreign investment funds by adopting internationalstandards for the valuation of assets part of its portfolio. Themove will make the Fund more easily understandable by foreigninvestors, but it will also make it more sensitive to StockExchange movements.
FP is on the finishing straight as regards preparations forfloatation on the Bucharest Stock Exchange (BSE), with the shift tointernational standards for portfolio assessment as a necessarystep for increased visibility among foreign investors.
At the request of manager Franklin Templeton, the NationalSecurities Commission (CNVM) has decided to suspend the oldassessment norms for the Fund's net assets and has given newvaluation instructions until the international assessment methodsare approved and included in the Fund's internal regulations.
The value of the Fund's net assets is given by the cumulate valueof the 83 companies part of its portfolio, out of which only 27 aretraded on the BSE and thus have a transparent market value.According to the latest reports, the Fund's net assets stood at13.49bn RON in late October.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
