Investment funds finished the last business year in the black, with a total net profit of over RSD 25 million, or EUR 238,000, unlike 2009 and 2009 when they recorded losses, the Securities Commission announced Thursday.

Analyses show that, unlike earlier years, the funds increased their investments in shares and bonds of foreign issuers, while cutting back on domestic shares and bonds, but still invested in domestic securities.

Out of 20 funds, 14 recorded a profit, with the most successful being Fima SEE Activist (RSD 19.5 million) and Fima Proactive (RSD 15.7 million).

Four funds recorded a significant profit of around RSD 8.2 million on average: Delta plus (8.7), Erste Cash (8.6), Raiffeisen World (7.8) and Erste private investment fund (7.6).

Last year, six funds recorded losses, among them Parisbel, Raifaisen Akcije and Triumph Elite.

Based on the value of their assets, the biggest investment funds include Delta plus (around RSD 200 million) and Fima Proactive (RSD 191.3 million), while Citadel Asset Management is the smallest (RSD 8.3 million), reads the Securities Commission report on the financial operation of investment funds in 2010.