BCR Dinamic close to final licence

BCR Dinamic investment fund launched by the investment management company held by Banca Comerciala Romana (Romanian Commercial Bank – BCR) has come to total 25.2bn ROL in net asset and more than 100 investors after three months in business. The BCR Dinamic fund share growth was of nearly 4% in the three months. The fund has therefore complied with the regulations in force, which allow it to continue operations. In order to be fully licensed once and for all, the fund needs to total 500 investors in the next nine months. The fund’s investment strategy is to put half of the cash raised from investors into listed securities and the rest in fixed-yield instruments. The fund’s investments in shares account for 17% of the total at the moment. Its most important such investments are those in BRD, SIF, Petrom and Antibiotice shares. Its investments have been primarily directed to the most liquid securities listed on the Bucharest Stock Exchange. Its most significant investor is BCR itself, which put 20bn ROL into it when it was first launched. ZF