The Property Fund (FP) shares will be traded on the Bucharest Stock Exchange (BVB) as of January 25, 2011, the officials of Franklin Templeton Investment, the FP administrator, told a Monday's press conference.

According to Greg Koniecky, the executive vice-president of Templeton Emerging Markets Group and fund manager at FP, the assets owned by FP were worth 3.58 billion euros on December 31, 2010, slightly higher from 2009.

In her turn, Dana-Mirela Ionescu, the president of Raiffeisen Capital & Investment, said that the FP shares would be traded through accounts with confidential codes.

"Obtaining the accounts with confidential codes can be done through brokers, with the physical presence of the investor not being required," Ionescu said. She added that, from the viewpoint of transparency, the value of FP shares would be known by all investors.

"The chosen price will be known. In terms of transparency, all transactions will be made for the same price, at a given time. The investor will pay a tax to the state for the shares traded," Dana-Mirela Ionescu underscored.

Launched in December 2005, Property Fund was set up to compensate the Romanian citizens whose properties were confiscated by the former communist regime. Following the international bidding announced in December 2008, Franklin Templeton won in July 2009 the FP mandate of 3.4 billion euros, having been selected out of seven global assets management companies.

Franklin Templeton officially took over as FP investment manager and sole administrator on September 29, 2010.