Fondul reported a total NAV of RON 10.14bn (EUR 2.09bn), which translates into a NAV per share of RON 1.5622 (+3.4% YoY).

According to the latest NAV report (30 June 2020), Fondul reported a total NAV of RON 10.14bn (EUR 2.09bn), which translates into a NAV per share of RON 1.5622.

When comparing it to the same period last year, their total NAV recorded a decrease of -5.5%, meanwhile due to the fund’s intensive buyback program, NAV per share increased by 11.9% as the number of shares decreased -16.3% YoY. Meanwhile, when comparing MoM, Fondul’s NAV and NAV per share observed a slight decrease of -0.9% and -0.5%, respectively.

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 64.51% of the total NAV.

Turning our attention towards the share’s price performance, in June Fondul recorded a 1.6% increase, while as of 15 July, the share price amounted to RON 1.18, (-2.5% YTD). Note that the discount to NAV per share currently stands at 24.5%.