Stock market funds on the rise

The increase in the quotes on the Stock Exchange and the collection of part of the due dividends made the funds investing in shares 3%-4% richer in only a couple of weeks. The fund shares may continue to steadily grow over the next few weeks, as well, given that fund managers say they only collected part of the due dividends so far. The dividends are registered as part of a specific fund’s asset upon collection. “Out of the 660 million we have to collect as dividends, we got only 110 million,” said Walter Blaj, executive manager of Globinvest, which manages Napoca and Transilvania funds. “We have collected about one third of the total dividends so far, but most of the growth in the last few weeks is due to the rise in quotes on the market,” says Iulian Panait, administrator of Certivenst, a company that manages the Intercapital fund. The Napoca shares have gained 4% over the last few weeks, while Intercapital rose 3%. The BET index increased by 3.2% over the same period. ZF