Overview
Fondul Proprietatea is a Romanian company whose shares are listed on the Bucharest and, as GDRs, on the London Stock Exchange. The Fund was established by the Romanian Government in 2005 and eligible claimants who lost property under former communist governments were awarded shares in the Fund in lieu of compensation. The restitution process is wholly independent of Fondul Proprietatea and is managed by the National Agency for Property Restitution, a specialized legal entity of the central administration.
The Fund’s investment objective is the maximization of returns and per-share capital appreciation via investments mainly in Romanian equities and equity-linked securities. In the short to medium term, their key priority is to unlock the long-term value of the underlying portfolio holdings through active management. A primary focus will be to ensure that strong corporate governance principles are followed by portfolio companies which in their view will benefit both the underlying companies and other stakeholders.
You can access the fund’s website here
Research History
-
10 Nov 2016 1 min read
Aberdeen Frontier Markets – Long term growth opportunity?
Aberdeen Frontier Markets – Long term growth opportunity? – Marten & Co published the initiation of research note on Aberdeen Frontier Markets Investment Company (AFMC) AFMC offers investors a diversified exposure to the superior growth prospects offered by frontier markets (stock markets that aren’t classified as developed or emerging). Its managers believe that weak commodity and energy […]
-
1 min read
Aberdeen Frontier Markets – Long term growth opportunity?
QuotedData has published a new note on a company in the global emerging markets sector. Aberdeen Frontier Markets Investment Company (AFMC) offers investors a diversified exposure to the superior growth prospects offered by frontier markets (stock markets that aren’t classified as developed or emerging). Its managers believe that weak commodity and energy prices, as well […]
News
-
23 Feb 2021 2 min read
Fondul boosted by narrowing discount
Fondul boosted by narrowing discount – Fondul Proprietatea has announced results for the year ended 31 December 2020. The NAV total return (in Romanian leu – RON) was 2.21% and the share price return was 26.44%, boosted by a substantial narrowing of the discount which finished the period at 9.7%. The Romanian market did well relative to other […]
-
17 Sep 2020 1 min read
QuotedData’s morning briefing 17 September 2020
In QuotedData’s morning briefing 17 September 2020 LXI REIT says that “following robust rent collection for the quarter ending September 2020“, it is increasing its quarterly dividend guidance by 4% to 1.35p per share (from 1.30p per share). Supermarket Income REIT is looking for more money. The aim is to issue £150m worth of shares at […]
-
30 Jun 2020 1 min read
QuotedData’s morning briefing 30 June 2020
In QuotedData’s morning briefing 30 June 2020: Polar Capital Global Financial declared a 2.4p interim dividend, in line with its commitment to maintain distributions to shareholders despite regulatory blocks to bank’s dividends. Redefine Properties has sold its 29.42% stake in RDI REIT to affiliates controlled by Starwood Capital Group. RDI REIT’s shares rose strongly on he […]
-
19 Sep 2017 2 min read
Aberdeen Frontier Markets experiences teething problems as moves to direct investment
Aberdeen Frontier Markets experiences teething problems as moves to direct investment – Aberdeen Frontier Markets reports that, for the year ended 30 June 2017, the NAV rose by 13.7% in total return terms with the share price rising 16.7% as the discount narrowed. This compared to a gain of 19.7% for the MSCI Frontier Markets Index, […]
-
02 Feb 2017 1 min read
Aberdeen Frontier Markets outperforms in H2 2016
Aberdeen Frontier Markets beat its benchmark over the second half of 2016, posting net asset value per share and share price total returns of 3.7% and 6.3%, respectively. This compared to a gain of 3.2% for the MSCI Frontier Markets Net Total Return Index. The chairman’s statement says managers in Vietnam, Argentina and Kazakhstan performed […]
-
08 Sep 2016 6 min read
Aberdeen Frontier Markets announces first dividend
Over the year to the end of June 2016 Aberdeen Frontier Markets’ net asset value per share and share price declined by 13.6% and 16.0% respectively compared to a decline of 12.1% in the MSCI Frontier Markets Net Total Return Index. The Board is proposing to pay an initial dividend in respect of the second half […]
-
03 Mar 2015 1 min read
Advance Frontiers outperforms but let down by discount
Advance Frontier Markets Fund outperformed a falling benchmark (the MSCI Frontier Markets Index) over the six months ended 31 December 2014 – falling by 9.2% vs. -11.1%. The share price fell by 13.6% however as the fund’s discount shifted from 6.6% to 11.2%. The managers’ report says funds including Africa Emerging Markets Fund, Ashmore Middle […]
