♦ The recent evolution of the number of participants also supported by the increases recorded by the stock market indices in 2023 and Q1/2024.
Having reached around 650,000 participants at the end of last month, the investment fund industry in Romania may reach the threshold of 1.5 million investors in the coming years, says Dan Popovici, CEO of OTP Asset Management, the evolution may come against the background of the upward trend adopted yet from last year, when the assets of the ten largest local mutual fund managers increased by 17%, to over 20 billion lei.
“The fund market looks good, I think the good developments of bond and share funds helped from the point of view of returns. Under these conditions, we see an increase both in the level of assets under management and in the number of investors”, explains Dan Popovici.
The representative of the investment manager, with assets under management of around 590 million lei at the end of March, was present at this week’s first edition of ZF Deschiderea de Atoje. The show is broadcast daily, from 09:30, on zf.ro and the YouTube and Facebook pages of Ziarului Financiar. The podcast can be listened to on the Spotify platform.
“We see a positive trend at the moment. The speed with which the assets will grow is another discussion, but if we look at what is happening in our region and at the level of Europe or internationally, I think that the investment fund industry in Romania has great potential and maybe, in three or four years, we will be talking about 1.5 million investors and the assets will be much higher.”
In 2023, the BET index – representative of the local capital market – appreciated by 31.8%, thus marking one of the best performances in recent years. In Q1/2024, the benchmark rose by 10.8%, according to BVB.
“We have to say that the performance in 2023 and the first part of 2024 was good and that attracted a number of investors. I think that the trend will continue at least as long as the volatility on the stock markets is not very high”, adds Dan Popovici.
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Tags: Todays opening Stock Exchange Dan Popovici OTP Asset Management market ..
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