Hyposwiss Has 7.8 Mio EUR In SIF3, SIF5

Hyposwiss Danube Tiber, one of the most active foreign investors on the Bucharest Stock Exchange (BSE) after Julius Baer, holds 7.8 million EUR worth of shares in financial investment firms SIF3 Transilvania and SIF5 Oltenia, according to the fund"s latest report.

The Swiss-based fund has an exposure of 2.4 per cent on SIF3 and of 2.22 per cent on SIF5. The fund concluded the third quarter of 2009 with net assets of 169 million EUR, up by 17 per cent from the 144.4 million EUR reported at the end of the first quarter.

The growth achieved by the SIFs over the Summer led to a noteworthy impact on the Hyposwiss portfolio. The fund also reported significant exposures on the oil & gas segment, holding some 11 million EUR worth of stock in Oil Terminal and Conpet - Ploiesti.

Conpet is the second largest company listed on RASDAQ after Automobile Craiova, having a market value of 260 million RON. The company concluded last year with 316.1 million RON in turnover and 66.9 million RON in profit.

• No Romanian bond left in Hyposwiss portfolio

According to the latest report, dated 30 September, Hyposwiss reduced their exposure on Romanian bonds, which had previously reached as much as 8 per cent of the fund"s portfolio. At the end of the first quarter, Hyposwiss reported to have 2.23 million EUR in municipal bonds issued by the Bucharest City Hall with an interest rate of 4.125 per cent and maturity in 2015, as well as 5.8 million EUR in other bonds with a fixed interest rate of 5.75 per cent and maturity in 2010.

Also by the end of the first quarter, Hyposwiss Danube Tiger had 3.1 million EUR in pharmaceutical company Antibiotice - Iasi, and 2.4 million EUR in Romania"s largest oil company, Petrom - Bucharest. However, neither of them currently counts among the fund"s main holdings.

The Hyposwiss Danube Tiger portfolio is 50 per cent comprised of shares listed in Eastern Europe, Austria and Germany, and 50 per cent of fixed-rate securities.

Hyposwiss Danube Tiger units have increased by 36 per cent this year, this being the fund"s highest growth rate in years.