World's biggest currency fund found 5m euros for Fondul Proprietatea - financiare.ro
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News » March, 2011 » 3 March 2011

World's biggest currency fund found 5m euros for Fondul Proprietatea
03.03.2011, 09:19 | Capital Markets | 602 views



The world's largest money manager, BlackRock, with assets under management worth 3,500bn dollars (2,500bn euros), invested 5m euros on the Romanian stock market through an investment fund dedicated to frontier markets, being attracted by Fondul Proprietatea (Property Fund - FP).

With 106m-euro assets, BlackRock Frontiers equity fund has an exposure of 5.1% of assets to the Romanian market, according to the monthly report issued by the manager.

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