Raiffeisen International to develop two investment funds in Romania

20. Juli 2006, 00:00

The Austrian group Raiffeisen, which operates in 16 countries, has created a new asset management company in Romania

The Austrian group Raiffeisen, which operates in 16 countries, has created a new asset management company in Romania.

The group manages EUR 37 billion in Austria and EUR 2.5 billion in other Central and Eastern and European countries and its local Romanian subsidiary RAM (Raiffeisen Asset Management) will draw on the network’s international experience.

Raiffeisen wants to offer a wide range of easily accessible products to meet demand from Romanian investors. It is targeting both high net worth individuals and institutional investors.

The Prosper fund will pursue a medium and long-term investment strategy, investing in equities and bonds (maximum of 80 per cent of equities) on local markets to take advantage of the growth potential of the new economies of Eastern Europe. The Benefit fund will invest chiefly in bonds, providing investors that want a low-risk investment vehicle with a stable income on the basis of current money market rates.

Raiffeisen already offers pay-as-you-go and funded pension plans in ten Central and Eastern European countries.

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