Active Dinamic, 2m-euro richer

The Active Dinamic equity fund, managed by Swiss Capital Asset Management, has witnessed an approximately 23-fold increase of net assets since the beginning of the year, after attracting significant investors. Net asset growth on the entire mutual fund market stood at 51%. Net assets of the fund have recently exceeded 2 million euros (7 million RON), compared with 85,000 euros (314,000 RON) at the end of last year. The asset growth was mainly generated by the new capital inflows from investors, given that the value of the fund unit grew by 2.2% in this period, according to the fund’s latest data. “The asset growth is due to the new clients we have attracted in this period. We managed to attract around 6 or 7 leading investors, who invested significant amounts of cash in the fund. They are mainly Romanian legal entities,” stated Stefan Racoceanu, chairman of Swiss Capital Asset Management. Swiss Capital Asset Management is the former company that handled Active Dinamic’s investment management, taken over by the brokerage company Swiss Capital at the end of last year.