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Tuesday, January 18, 2005

New mutual fund to be open by the end of June

SAI KD Investments Romania, part of the Slovenian group KD Group will launch by the end of June a mutual fund which will invest the money coming from bonds, state securities or banking deposits, said the investment fund's president, Ion Mincu yesterday.

KD Investments Romania was founded in 2004 and oversees the open investment fund KD Maximus, which mostly invests in listed shares.

This is the only Romanian open investment fund managed by a company with entirely foreign equity.
The funds's assets amount to 8.32 billion ROL (208, 000 euros).

Posted by Iulia Rasoiu : 1/18/2005 09:43:00 am