"Hyposwiss Danube Tiger", 21 million Euros exposure on the Bucharest Stock Exchange

The portfolio of "Hyposwiss Danube Tiger", one of the largest foreign investors on the Bucharest Stock Exchange after "Julius Baer", includes holdings in Romanian companies worth over 21 million Euros, (12% of its net assets, according to the financial statement published by the fund at the end of 2009).

The largest holdings of the Swiss fund are "Conpet" Ploieşti (COTE) and "Oil Terminal" (OIL), of 2.86% and 2.80% respectively, which together are worth 9.54 million Euros. At the end of 2009, the fund had 168.59 million Euros in net assets.

Some of the more significant holdings of Hyposwiss include SIF3 - "Transilvania" (2.26%), SIF5 - "Oltenia" (2.23%) and "Romcarbon" Buzău, (2.19%), which are worth approximately 11.3 million Euros.

"Conpet" is one of the largest companies on the Rasdaq market in terms of capitalization (63.09 million Euros). The company had a net profit of 16.5 million lei in H1 2009, down almost 50% YOY.

Also, the stakes Hyposwiss owns in SIF5 (Oltenia) and SIF3 (Transilvania) are some of the most liquid stocks on the Bucharest Stock Exchange and each have net assets of over 385 million Euros.

The portfolio of the Swiss fund includes 50% stocks traded on Eastern European, Austrian and German stock exchanges and 50% fixed income instruments.

Even though Hyposwiss owned 5.8 million Euros in municipal bonds issued by the mayoralty of Bucharest and other cities at the end of Q1 2009, according to their latest financial statement, they had significantly lowered their exposure in Romanian bonds, which initially accounted for 8% of the fund"s assets.

Last year, shares of "Danube Tiger" rose 35.57%, posting their largest gain in the last five years.