EFAMA chief: Romanian mutual funds will peak up in the next 15 years
With a 12-year history tarnished by the bankruptcies of the Mutual Fund of Business People, the National Investment Fund (FNI), and the National Accretion Fund (FNA) in the late 1990s, the Romanian mutual funds have a lot ground to recover to make for their European counterparts.
In order to face stock exchange corrections and protect investors, Romanian trustees have decided to cut administration fees and increase buyback fees in an attempt to hedge investors against speculators.
As regards the developments in mutual funds, the EFAMA official says security funds will continue to grab attention in 2009, amidst falling interest rates Europewide.
Transferable securities funds, says Bauer will become increasingly more attractive to investors in the following 12 months, because interest rate will enter falling trends. The second most attractive funds will be the share funds, and lastly the monetary funds, Bauer predicts.