CA IB launches fund

On Tuesday of this week CA IB Asset Management, the investment manager for HVB Bank Group, launched the first Romanian mutual fund that will invest on international capital markets. It will also be the only fund in Romania with shares denominated in foreign currency. This means CA IB Asset Management has entered the mutual funds market. CA IB recently announced it would take over the management of two funds previously run by another company, Quadrant Asset Management, however the process is yet to be finalised. “Europa Obligatiuni” (Europe Bonds), the fund launched by CA IB on Tuesday, will primarily invest in bonds issued by governments belonging to the European Union (around 80% of its assets). The remaining assets (20%) could be invested in fixed-income instruments on the local market. ZF