SIFs see declines in first half

The five financial investment companies (SIFs) recorded a 1.4% decline in cumulated net assets because of corrections suffered by banking shares in their portfolios, with the cumulated capitalisation of SIFs down by 12.5%.
The five SIFs’ cumulated net assets amounted to 7.36 billion RON (1.73 billion euros) at the end of June, calculated according to CNVM (National Securities Commission) standards, with listed shares in SIF portfolios valued based on the average prices of the last three months. At the end of last year, the fortune of the SIFs was put at 7.47 billion RON (1.76 billion euros).