mutual fund
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Romanians entrust 60m euros to mutual fund managers every month
Romanian mutual funds have swallowed over 3bn RON in the past year and reached 4.5bn RON net assets in late April, being ever closer to hit the 1% of GDP mark.
Giant Aviva loses mutual fund battle
British group Aviva, one of the world's biggest investment fund managers, has lost much of its market share in Romania over the last three years, and now holds less than 1% of the over 4.3 b...
How Raiffeisen fund managers invest their money
T-bills, banking deposits and investment funds last year attracted the largest placements from the funds managed by Raiffeisen Asset Management investment manager, the second biggest mutual...
CNVM relaxes regulations for mutual fund advertising and distribution
The National Securities Commission (CNVM) had given the go-ahead for the distribution of mutual funds through distribution agents and by phone, and loosened regulations on fund advertising.
Record 2009 helps mutual funds regain lost credibility
2009 brought a revival of mutual funds, which, by tripling their volume of assets to the record threshold of over 3bn RON (720m euros) and doubling the number of investors, have regained the...