Croatia's open-end investment fund net assets down by 3.8% m/m in September.

By bne IntelliNews October 18, 2011
Croatia's open-end investment funds reported a 3.8% m/m drop in net assets to HRK 13.4bn as at end-September, following a decline of 3.6% m/m in the previous month, financial regulator (HANFA) reported. In annual terms, the net assets of the open-end investment funds declined by 3.4% y/y. ZB Invest remained the market leader with its nine open-end investment funds, whose total net assets stood at HRK 4.2bn as at end-September, down by 5.6% m/m. The second largest management company was PBZ Invest, which managed seven funds with HRK 2.5bn in net assets, down by 3.4% m/m in September. Next ranked Raiffeisen Invest with ten funds and net assets of HRK 1.91bn, down by 0.1% m/m.

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