Scholarship. Over 100,000 people invest in BT Asset Management funds through the BT Pay application

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By TP

More and more people save through investment funds administered by BT Asset Management using BT Pay, seven months after announcing the application of the application function, the following figures are reached: over 100,000 people use BT Pay to access and administer investments; Over 600 million lei is the total amount invested in funds through the application, according to a press release. The recent result of the elections was perceived favorably for the investment environment, which immediately reflected in the behavior of investors. The first day after the elections brought a new historical maximum for BT Pay, when the highest volume of investments made in a single day, from launch until now. «BT Pay offers an intuitive experience for people who want to invest, which has contributed to reaching over 300,000 investment accounts at the funds managed by BT ASSET Management. Over 50% of investors use Direct Invest, the recurrent investment plan,» the statement said. BT Asset Management, the Investment Administration Division within the Banca Transilvania Financial Group (TLV), managed assets of about 6 billion lei at the end of March, having a market share of 21.1%, according to the data of the Association of Fund Administrators (AAF). The company offers a wide range of investment funds (14 funds in lei, euro and dollars), with degrees of risk and different potential yields: bond funds or with fixed income, funds that invest in Romanian or other countries, respectively niche – agriculture, energy, real estate and technology. The minimum amount for the first investment is 50 lei, 25 euros or $ 25.
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