Yields between 7 and 170% for mutual funds in the past year

Equity funds have generated yields like in their good times, of as much as 170% in the past year, but nevertheless investors have preferred to shelter their money in riskless funds, with performances close to those of banking deposits. “For investors, low risk is more important than returns at present. This is why though equity funds have posted solid performance, exposing investors to high risks, these have only managed to attract little money from investors in the past year, while currency funds have reported record high capital inflows,” said Dan Popovici, chief investment officer with OTP Asset Management. BT Maxim, managed by BT Asset Management, is the performer of the year, with a yield of 168.7% in February2009-February 2010 period. Another two equity funds, Romania Actiuni, managed by Raiffeisen Asset Management, and Active Dinamic, managed by Swiss Capital, come closely behind, both with yields of above 155%.