Economics & Sociology

ISSN: 2071-789X eISSN: 2306-3459 DOI: 10.14254/2071-789X
Index PUBMS: f5512f57-a601-11e7-8f0e-080027f4daa0
Article information
Title: Open-Ended Funds in Romania. Their Performance in an Economically Difficult Environment
Issue: Vol. 5, No 2a, 2012
Published date: 20-07-2012 (print) / 20-07-2012 (online)
Journal: Economics & Sociology
ISSN: 2071-789X, eISSN: 2306-3459
Authors: Tudorache Florentin Gabriel
Keywords: open ended funds, Romania, investment funds’ performance
DOI: 10.14254/2071-789X.2012/5-2a/5
Index PUBMS: 20b2b77f-aa13-11e7-8eae-080027f4daa0
Language: English
Pages: 57-70 (14)
JEL classification: G23, G11, D53, E22

Romania is one of the emerging markets, where the investment funds market is less developed than in other European countries, but developing fast. The number of open-ended funds increased in the 20 years of existence of the investment market, reaching 60 in 2012. The paper looks at the open-ended funds’ evolution (measured through the yearly changes in value of the fund unit), in the period 2010-2012. The main objective is to analyze the performance of the different types of mutual funds in a comparative manner and to assess them against the industry benchmark. The analysis takes place in a period of economic turmoil and based on the findings, the paper attempts to point out advices on what would be good placements for investors during economically difficult periods.