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On July 18, 2018, the Bucharest Stock Exchange and the Association of Fund Managers held a discussion on the theme "Investment Summer", to which investment managers were invited to give an overview on the evolution of stock funds with exposure to the local market, according to the press release sent to the editorial office.
In the plenary session, Adrian Tanase, CEO of the Bucharest Stock Exchange and Jan Pricop, Executive Director of the Association of Fund Managers
"The evolution of these investment funds open is a very important barometer because it reflects the sentiment of investors on the different types of financial instruments listed on the Bucharest Stock Exchange, it is very important for the stock market to see how these funds evolve and what trends their assets and the number of investors, "said Adrian Tanase, CEO of BVB.
" After the first half of the year, the assets of the industry stood somewhere in late 2016 following corrections made this year, particularly in the area of bond funds. compared to the same period last year, certain fund categories saw an increase in their assets and in the number of investors, the segments that were on the rise during the period mentioned being diversified funds ( + 27%), (+ 21%), money market funds (+ 20%) and equity funds (+ 13%), but bond funds and fixed income securities remain the most popular, and we can explain this constant influence "said Jan Pricop, Executive Director of the Association of Fund Managers,
Alexandru Combei, Director of Investments BRD Asset Management, Robert Burlan, Director of Investments Raiffeisen Asset Management, Alexandru Ilisie, Director of Investments OTP Asset Management and Daniela Vasile, Investment Manager Certinvest The moderator of the debate was Florin Cepraga, Senior Public Relations Specialist Bucharest Stock Exchange
20 18, Between Outstanding Performance and Volatility
"In the first part of this year, the Bucharest Stock Exchange achieved a huge performance, especially as emerging markets around the world had a particularly weak activity. with massive outflows, "said Alexander Combei, director of investments, BRD Asset Management
" In the aforementioned period, we have seen an increase in trading and clearing volumes of 30%, which is reflected in a constant profit for the issuer of BSE, "said Daniela Vasile, Certinvest Investment Manager
" What surprised us this year is not the return of volatility, but its magnitude: 2017 was an atypical year where volatility was the lowest in the history of international trading, "says Alexander Ilisie, Investment Manager, OTP Asset. management.
Amendment to the Dividend Distribution Act
A very important topic in the debate was the change in the legal framework for the distribution of dividends. As of July 15, companies can distribute quarterly dividends from the profits of the current financial year following the publication of Law 163/2018 in the Official Journal
"From the point of view of the investor, this change is a positive factor: it will benefit earlier, especially if one thinks of employees who receive their pay at the end of the month, while the shareholder must wait at the At least 6 months after the end of the fiscal year, such a measure exists in the main European countries, so it is not necessarily a novelty, "said Robert Burlan, Head of Investment Raiffeisen Asset Management
About the Association of Fund Managers
The Association of Fund Managers (AAF) is the independent professional non-governmental organization of OPC operators in Romania, which brings together 19 asset management companies (ISC) (UCITS) and 26 closed investment funds (AOPC), 4 financial investment companies (SIF), Fondul Proprietatea and 4 deposit banks.
The members of the Association of Fund Managers currently manage more than 42 billion RON, of which more than 23 billion in open-ended investment funds, 1.23 billion in equity funds. 39; investment in fixed assets, and the difference of 18.3 billion represents the assets of the five SIF and Fondul Proprietatea.
A.M.
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