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Oct 16, 2007 13:46 EEST
ZAGREB (Croatia), October 16 (SeeNews) – Croatia’s biggest fund manager by assets, ZB Invest, said on Tuesday that assets under management in its open-ended funds with public offering have exceeded 8.3 billion kuna ($1.6 billion/1.1 billion euro) for the first time, growing by more than 4.0 billion kuna since the beginning of the year. “Equity fund ZB Invest, whose assets were 3.29 billion kuna as of October 12, up by 2.78 billion kuna since the beginning of the year, and balanced fund ZB Global, whose assets stood at 3.21 bilion kuna, an increase of 1.83 billion kuna, provided the highest contribution to the strong growth of assets of ZB Invest this year,” the company said in a statement.
ZB Invest’s assets totalled 4.2 billion kuna at the end of October last year, data from the Croatian financial watchdog HANFA.
ZB Invest runs seven open-ended funds with public offering. Besides, HANFA last week gave a nod to the company to set up an open-ended fund with private offering, ZB Private East.
(1 euro= 7.3241 Croatian kuna)
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