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Croatian Open-end Investment Funds' End-Nov Assets Rise 5.53% M/M

Dec 18, 2009, 4:14:24 PMArticle by Kire Nedelkovski
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December 18 (SeeNews) - The assets managed by open-end investment funds in Croatia rose to 11.415 billion kuna ($2.2 billion/1.6 billion euro) at the end of November from 10.818 billion kuna a month earlier, data from the country's financial watchdog showed.

Croatian Open-end Investment Funds' End-Nov Assets Rise 5.53% M/M

ZB Plus ranked first among open-end investment funds in Croatia with assets worth 2.378 billion kuna at the end of November. The fund is managed by ZB Invest, a subsidiary of Zagrebacka Banka.

ZB Plus was followed by two other ZB Invest-managed funds, ZB Global with 753.1 million kuna in assets, and ZB Aktiv with 530.1 million kuna.

Twenty-seven asset managers operate 129 open-end investment funds in the Adriatic country of 4.4 million people.

(1 euro=7.2854 Croatian kuna)

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