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Croatian Open-end Investment Funds' End-Oct Assets Rise 3.7% M/M

Nov 16, 2009, 3:42:13 PMArticle by Kire Nedelkovski
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November 16 (SeeNews) - The assets managed by open-end investment funds in Croatia rose to 10.818 billion kuna ($2.2 billion/1.5 billion euro) at the end of October from 10.436 billion kuna a month earlier, data from the country's financial watchdog showed.

Croatian Open-end Investment Funds' End-Oct Assets Rise 3.7% M/M

ZB Plus ranked first among open-end investment funds in Croatia with assets worth 2.25 billion kuna at the end of October. 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 749.5 million kuna in assets, and ZB Aktiv with 534 million kuna.

Twenty-eight asset managers operate 130 open-end investment funds in the Adriatic country of 4.4 million people.

(1 euro=7.2996 Croatian kuna)

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