Romania fund on London Stock Exchange

The appetite of foreign investors for assets on the Romanian market has lead to the emergence of the first investment fund targeting this country and listed on the London Stock Exchange. The Reconstruction Capital II fund was launched recently. Its capitalisation stands at 25 million euros (some 30 million dollars), and will be managed by New Europe Capital. “Romania and Bulgaria have made tremendous progress over the last few years and are now among the economies with the fastest-paced growth in Europe. We are pleased to have established a listed vehicle to take advantage of the considerable opportunities to invest on these markets. About 70% of this money is earmarked for Romania,” Ion Florescu, the chairman of the management company of the new fund told ZIARUL FINANCIAR. “As this is a closed-end investment fund listed on the London Stock Exchange, there is a moderate risk involved,” Florescu added. ZF