funds

InterCapital Asset Management, Croatia’s largest independent investment manager, aims to launch a new ETF at the Bucharest Stock Exchange (BVB), offering investors access to Romanian EUR-denominated government bonds. ETFs or “exchange-traded funds” are similar to mutual funds in that they invest in a basket of securities, such as stocks, bonds, or other asset classes. The InterCapital EUR Romania Govt Bond 5-10yr UCITS

Romania-based Fondul Proprietatea in first nine months of 2024 made RON209.6 million net profit, compared with a loss of RON968.9 million in January-Sepetember 2023. Fondul was established in 2005 and seeded with stakes in state groups as a way of trying to compensate the persons abusively expropriated. Starting 2010, US investment firm Franklin Templeton has been the Sole Director of the Fund.