Raiffeisen Asset Management (RAM) gained most from administration activities, according to available data, followed by BCR AM, which has lower revenues because most of the assets it administers are in monetary and bond funds, with lower fees. Globinvest, EFG Mutual Funds and BT AM are also front runners.
The relatively low level of administration fees reflects the yet incipient stage of the mutual fund market, according to administrators. The assets of the funds barely reach 0.2 percent of gross domestic product (GDP).
