BT Asset Management aggressively bets on stocks in 2010

BT Asset Management, the asset manager with the biggest
exposure on the Bucharest Stock Exchange (BSE), sets itself apart
from the conservative investment strategy of banking managers and
is aggressively betting on equities this year. With net assets
under management worth above 250m RON (61m euros), BT AM investment
manager, part of Banca Transilvania financial group, holds
investments on the BSE worth 95.5m RON (23m euros) through the four
equity funds it manages, according to the data reported by the
Association of Fund Managers in late February. BT AM is the biggest
investor on the BSE among fund managers, way ahead of second
ranking Raiffeisen Asset Management with equity investments worth
almost 42m RON (10m euros). BT AM also includes the biggest equity
fund domestically in its portfolio: BT Maxim with net assets worth
72m RON (17.5m euros) from 2,260 investors at present. “Our
strategy is to aggressively position ourselves on equities in 2010.
Our outlook over stock market trends in 2010 is positive, being
supported, on the one hand by an economic rebound in the first or
second quarter, as well as by the falling banking interest rates,”
says Radu Hanga, general manager of BT AM.