BCR to bring five funds onto the market by mid-December

BCR Asset Management, the investment management division of the financial group BCR-Erste, will launch five open-end investment funds on the market midway through December, two months after it secured the approval of the National Securities Commission. The entry of the five investment funds onto the market, three of which are Erste-branded, will take place in mid-December,” said Dragos Neacsu, chairman of BCR Asset Management, who explained that the internal organisation process had taken sometime to complete. Having secured the approval of the CNVM at the beginning of October, the five open-end investment funds, BCR Monetar, BCR Europa Avansat, BCR Europa Mixt, BCR Obligatiuni and BCR Europa Conservator come to supplement the portfolio of funds, which now includes the equity fund BCR Expert, the balanced fund BCR Dinamic and the bond fund BCR Clasic. Open-end investment funds BCR Europa Avansat, BCR Europa Mixt and BCR Europa Conservator mainly target clients in the private banking sector, who have investments on the European and Romanian market.