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SIF's net assets, up 0.4 pct in May

The net assets of the five financial investment funds (SIF) were 7.36 billion lei in late May, 0.4 percent higher than April 2011 and 5.5 percent higher than December 2010, according to the Association of Fund Administrators. The net assets in euros were 1.78 billion euros in late April, 0.7 percent lower than in late March. In May, the five financial investment funds reported appreciations compared to the previous month, from 0.9 percent at SIF Banat-Crisana to 3.7 ...

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