Serbia gets third investment fund

Raiffeisen Invest has been granted license to establish an open-ended investment fund.

Izvor: B92

Tuesday, 24.07.2007.

16:53

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Serbia gets third investment fund

The investment unit distribution will be conducted by Raiffeisen Invest and the bank’s branches throughout Serbia.

Serbia’s third open-ended investment fund will be selling its investment units at RSD 1,000 (about EUR 12) per unit until August 9.

Austria’s Raiffeisen banking group manages over 320 funds and assets of some EUR 42bn worldwide, and aims to position itself as the leader in the Serbian market, a statement from the fund said.

Serbia’s first investment fund, Delta Plus, was established in March this year and has managed to increase the value of its investment units by 34 percent, to reach RSD 1,341 (about EUR 16), while the second, Fima Proactive, operational since May, saw a rise of some six percent to currently have its units valued at RSD 1,059 (about EUR 13).

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