20 new mutual funds will be introduced on the Bulgarian market in the following months, shows data made available to Profit.bg. The number of collective schemes in the country will thus be increased to 70.

FFBH Asset Management has the most new projects – three of them. These are FIB Classic, FIB Garant, and FIB Advantgarde.

BenchMarket Asset Management and Real Finance Asset Management will both launch two new funds – BenchMark-4 Energetics, and BenchMark Fund-5 Central and Eastern Europe, and Real Finance Balanced Fund, and Real Finance High-Yiled Fund.

Investbank's two new schemes (DF Invest Classic and DF Invest Active) have already started operation.

Their first projects so far will launch Ever Asset Management, Zagora Finarcoop (balanced scheme), and Aktiva Asset Management (high-yield balanced scheme).

Ever's Borislav Nedyalkov told Profit.bg that his company is currently preparing the prospectus for the new fund, which will invest in Bulgarian companies only. The papers of Zagora Finarcoop Balance have already been filed with the Financial Supervision Commission.

New funds will also be launched by companies, which already have investing schemes in operation – these are Alfa Asset Management (Alfa Selected Shares), Elana Management Fund (Elana Fund Money Market), TBI Asset Management (DF TBI Treasure), Raiffeissen Asset Management (balanced fund, denominated in USD), Balkan Capital Management (DF Balkans), and Ug Market Management Fund (Ug Market Optimum).

The establishment of so many funds is a sign of the increasing investment awareness of the population, and means that competition in the sector and the amount of assets controlled by the funds are going to increase each year.

As we already informed, at the end of September, assets of Bulgarian management funds stood at 882.5 mln leva (451.215 mln euros), versus 724.796 mln leva (370.582 mln euros) at the end of August, and 630.86 mln leva (322.553 mln euros) at the end of preceding month.