Certinvest to launch 3 more funds

Investment management company Certinvest, recently acquired by the Romanian American Enterprise Fund (RAEF), will launch three new investment funds this year, in addition to the other three funds it manages. The first of the three will be a mutual fund investing most of its money in bonds, so that it will be the first such entity in Romania focused on bonds. “We estimate the new fund to be launched in March. Bonds will account for 50% to 70% of its portfolio,” Iulian Panait, Certinvest’s representative said. He added the fund would primarily go for municipal bonds, but would invest in corporate bonds, as well. The other two funds Certinvest is planning to release this year will focus on foreign currency investments on the domestic market. ZF