Fondul Proprietatea is managed by Mark Mobius at Franklin Templeton Investments, and is available through the LSE’s Specialist Fund Market in global depositary receipts.
Utilising an activist approach, the closed-ended vehicle targets Romania’s largest companies and unlisted state-controlled infrastructure assets.
Currently trading at 23.6% discount to net asset value – down from more than 55% four years ago – the trust’s share price has risen by 71% since 2011.
Mobius said: “We are convinced that the secondary listing of the fund on the LSE will increase the visibility of the Romanian capital market on the international scene, will facilitate access of a broader base of foreign investors to the country, and will act as a catalyst towards unveiling Romania’s many other investment opportunities.
“We have witnessed a huge interest for Romanian companies and are confident that the fund’s listing on the LSE will increase the appetite of investors for Romanian equities.”
