German fund Berenberg invests 30m euros on BSE

Accession to the European Union has already brought new investment funds onto Bucharest Stock Exchange including the German fund Berenberg-Balkan-Baltikum, which invested over 30 million euros this year. The fund, which entered the market at the end of last year, reached investments worth 34.8 million euros on the Bucharest Stock Exchange at the end of August, i.e. around 13% of its 268 million-euro net assets. Over the last two months, the fund’s investments have increased by 12 million euros, and by 30 million euros since the beginning of the year. At the end of June, the fund held stakes in 19 companies, worth a total of 22.7 million euros, according to the half-year fund management report. The fund’s main investments are in the shares of the five financial investment companies (SIF), which accounted for more than half the value of the fund’s share portfolio on the BSE.