Investments

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The Fund's investment objective is long term capital appreciation via investments primarily in Romanian equities with strict adherence to the principles of value investing. The portfolio is heavily weighted in the Power, Oil and Gas sectors (approximately 75% of NAV) through a number of listed and unlisted, privately-held and State-controlled entities.

This section gives you an overview on the Fund's portfolio and on the evolution of the monthly Net Asset Value/ share.

Portfolio Sector Breakdown As of 30 September 2020

[name] [value]
Electricity: generation 50.34%
Oil & Gas 13.40%
Electricity & Gas: distribution, supply 11.34%
Infrastructure 10.45%
Heavy Industry 2.56%
Aluminium 1.45%
Others 0.20%
Net Cash and receivables* 10.26%
NAV/share (RON) 1.5881*
Share Price (RON) 1.2950**
Discount -18.46%
NAV/share (USD) 0.3816*
GDR Price (USD) 15.30**
Discount -19.81%