“Raiffeisen Asset Management will certainly bring a significant contribution to the development of the investment fund market in Romania. Our belief is supported by the highly experienced management team of the company and the advantages of our affiliation to a powerful financial group which operates on the local banking and capital market through a diversified territorial network. We also benefit of Raiffeisen Capital Management Austria’s expertise which is the undeniable leader of the Austrian market, managing assets of EUR 37 billion”, said James Stewart, Vice-president of Raiffeisen Bank, Treasury Division.
Raiffeisen Prosper will include investments in equities (up to 80 per cent), and fixed income financial instruments. Its main objective is to increase the capital on a medium and long term and targets customers interested to invest on the capital market in Romania and other countries with sustained economic growth.
Raiffeisen Benefit will place at least 70 per cent in bonds and the balance in equity and will consequently produce a relatively stable return combined with a moderate growth potential. and will produce a relatively stable return combined with a moderate growth potential. This fund targets customers interested by the present level of interest rates and opt for relatively low risk investments.
“We provide our customers with an easy-to-access comprehensive range of products which are built based on the actual development of the financial market and on the investors’ preferences. Moreover, our customers – companies and individuals – with significant resources will be provided tailor-made investment solutions, said Mihail Ion, President and CEO of Raiffeisen Asset Management.
“Raiffeisen Asset Management will step into the market of private pension funds as soon as this is operational”, added Felicia Popovici, Vice-president of Raiffeisen Asset Management and member of Committee of the Private Pensions Association.
Raiffeisen Bank services over 2 million retail customers (out of which SME amount to 120,000) and over 4,600 medium and large corporations. The Bank has a network of 225 outlets, over 800 ATMs and more than 6,000 POS. At year-end 2005, total assets exceeded EUR 3 billion and Raiffeisen Bank ranked third in Romanian banking system.
