The rise of the stock market has increased the value of the holdings of Hyposwiss to 30 million Euros

The "Danube Tiger" fund owned by Switzerland-based "Hyposwiss", one of the largest foreign investors on the Romanian stock market after "Julius Baer", owns over 30 million Euros worth of stocks and government bonds listed on the Bucharest Stock Exchange. These holdings account for almost 16% of the net assets of the fund, according to the report published at the end of March.

The strong rise of the BSE in the first quarter had a powerful effect on the holdings of the Swiss fund, as its exposure has increased around 20% compared to the end of last year.

The largest holdings of the fund are SIF5 "Oltenia" (3.04%) and "Oil Terminal" Constanţa (OIL) (2.97%), worth EUR 11.42 million. At the end of March, the net assets of the fund were worth EUR 190.45 million.

Other significant holdings of the Hyposwiss fund include SIF "Transilvania" (2.73%), "Romcarbon" Buzău (2.45%) and SIF "Moldova" (2.25%). The three stakes are worth almost 14.15 million Euros.

The three SIFs which are included in the portfolio of Hyposwiss are some of the most liquid stocks on the Bucharest Stock Exchange. Each of the three companies had net assets in excess of EUR 400 million.

According to the latest report, at the end of Q1 2010, Hyposwiss had over 2.40% of its assets invested in government bonds with a 2015 maturity.

The holdings of the Swiss fund are divided equally between stocks traded eastern European, Austrian and German exchanges and fixed income instruments.

Last year, shares of "Danube Tiger" increased 35.57%, posting the largest growth in the last five years. The fund"s net assets increased 13% in Q1 2009, compared to December 2009.