TIRANA, May 18 /ATA/ The investment fund market expanded in the first quarter of this year.
Data from Financial Supervision Authority show that net assets in the middle of this year were estimated at ALL 69.05 billion, or 2.4% more compared to the end of 2020.
On an annual basis, market growth is slightly higher, at around 3.1%.
Meanwhile, during 2020, the value of net assets of funds marked an increase to negligible proportions.
In addition to a lower interest of investors to buy shares, the poor performance was also affected by the negative returns of investment funds in euro, which had a shrinking effect on the net assets of these funds.
/r.e/sm/
