About Fondul Proprietatea

Fondul Proprietatea is a joint stock company operating as a closed–end investment fund without a set lifetime, incorporated in Romania, trading on the Bucharest Stock Exchange since January 2011.

About the fund

About Franklin Templeton



Information regarding the disclosure of holdings of over 20% of voting rights held by Manchester Securities Corporation and Beresford Energy Corporation in Fondul Proprietatea S.A.
31 March 2015 NAV report
March 2015 Factsheet
Notification regarding the transactions performed during the buy-back program

Mark Mobius' Blog

A New Way Forward for Nigeria?

A couple of years ago, many investors were optimistic about Nigeria and the stock market was booming, buoyed by strong economic growth and government reforms to improve the country. However, by 2014, the mood soured amid a series of unfortunate events, including the terrorist acts of Boko Haram, an Ebola outbreak and the weakening price of oil, which is the major source of income for the government and has a big impact on the economy. Despite these challenges, we continue to pursue long-term investments in Nigeria for a number of reasons. Not only is Nigeria Africa’s largest economy and a major consumer market, but the outcome of Nigeria’s presidential election in March proved its people are ready for change—hopefully for the better. After a delay, Nigeria’s presidential election took place in March in a relatively peaceful environment. After lots of active and noisy election campaigning, the results showed that the incumbent, President Goodluck Jonathan, was losing, and he conceded defeat to former military ruler Muhammadu Buhari. Buhari has claimed a commitment to democracy and a new way forward for Nigeria, although I think his first order of business will be to bring stability to the country.