Another fund to leave market - "Jubmes aktiv" paid all its members and reduced value of investment unit to zero

Investment fund "Jubmes aktiv" has announced that it has paid all of its members and reduced the net property and value of the investment unit to zero.

"Jubmes aktiv", the property value growth fund, has been run by Investment funds management company "Jubmes invest".

In the period between the establishment of the fund and recent payment to the members, the value of the investment unit of "Jubmes aktiv" dropped by over 37%, that is, it fell from 1,000 to 628 RSD.

Total of 12 funds are now present in Serbian market of open funds.

"Jubmes aktiv" is not the first "victim" in Serbian funds market.

Namely, in mid-May, Investment funds management company "Focus invest" signed the contract with company "Citadel Asset Management" on transfer of rights to management of funds "Focus premium" and "Focus cash fund".

That move was explained to be in the best interest of members of the funds that "Focus" used to run.

Before that, at the end of the last year, AC Fondovi, under the management of Investment funds management company AC Fondovi, left the market as well.

Property of investment funds in Serbia currently amounts to about 1 billion RSD.

Let us remind that there were six funds with total property of over 4 billion RSD in Serbian market of open investment funds at the beginning of year 2008, while the end of that year saw 13 funds with total property of 1.6 billion RSD in that market.

There are also two closed funds in Serbian market.