Diversified mutual funds, top performers

The mutual funds investing in various instruments have been the top performers in terms of yield among the Romanian mutual funds in the last 12 months. Transilvania and Capital Plus have yielded 22% during this interval, compared with the 16% inflation in the same time. Only a handful of the other funds on the Romanian market came close in terms of yield, so that the average gain of the mutual funds in the last 12 months was of only 7.8% according to the National Union of Collective Placement Bodies (UNOPC). Ranking behind the two diversified funds that invest in almost every single instrument available on the market, be it government securities, shares, bonds or commercial paper, are Napoca, which largely invests in shares, (20.7% growth) and monetary fund Tezaur (18.7%). The stock market funds performed below the market average last month, but caught up early in October. ZF