Money is no longer invested in equity funds

Investors are no longer enticed by the three-digit yields of
equity funds, preferring non-risky investments in monetary funds
and in bonds, which in the past month alone attracted 116 million
RON from the market.
The mutual fund industry ended February with 3.86 billion RON
in net assets, 5.7% more than in the first month of the year,
especially because of net inflows, which amounted to 116.4 million
RON, as reported by monetary funds, reveals the monthly report of
the Association of Fund Managers (AAF). The seven monetary funds
reached over 2.1 billion RON in net assets. BCR Monetar and
Raiffeisen Monetar attracted the most significant net inflows, over
80 million RON each.
Equity funds fared the worst, attracting 9 million RON from
investors, whilst the 25 balanced funds lost 14.4 million RON last
month. Equity funds Raiffeisen Romania Actiuni and BT Maxim saw the
most significant net inflows, 4.4 million RON and 3.5 million RON
respectively.