Fondul reported a total NAV of RON 10.42bn (EUR 2.15bn), which translates into a NAV per share of RON 1.6061 (+4% YoY).

According to the latest NAV report (31 August 2020), Fondul reported a total NAV of RON 10.42bn (EUR 2.15bn), which translates into a NAV per share of RON 1.6061.

When comparing it to the same period last year, their total NAV recorded a decrease of -2.8%, meanwhile due to the fund’s intensive buyback program, NAV per share increased by 4% YoY. Meanwhile, when comparing MoM, both Fondul’s NAV and NAV per share observed a solid increase of 3.1%.

When observing the portfolio structure, it remains traditionally oriented towards the power, oil and gas sectors, whereby the two largest holdings, Hidroelectrica and OMV Petrom account for 64.7% of the total NAV.

Turning our attention towards the share’s price performance, in August Fondul’s share price recorded a slight decrease of 0.8%, while as of 15 September, the share price amounted to RON 1.305, (+7.8% YTD). Note that the discount to NAV per share currently stands at 18.7%.