Advance Invest With Highest Rating by Lipper

Advance Invest With Highest Rating by Lipper

Advance Invest Mutual Fund managed by Karoll Capital Management became the first Bulgarian fund to be rated by an international institution. After several months of due diligence, Lipper (, a Reuters company focused on the fund industry research, granted Advance Invest the highest rating of 5 points in terms of Total Return as well as Preservation.

Advance Invest investing in the Bulgarian and Romanian stock exchanges, ranks number 6 by 2007 return among all 267 Austria registered funds in the "Equity Emerging Markets Europe" category. Only several of Erste Sparinvest's funds focused on Turkish securities are ranked higher.

"As Advance Invest is now entering its fourth year since launch, the rating by Lipper Fund Intelligence is a high international recognition – a proof that we are doing a good job for our investors. We believe that we'll have many successful years going ahead", states Daniel Ganev, Managing Director at Karoll Capital Management.

Advance Invest realized a return of 55.4% in 2007 against the background of 44.4% increase of the Bulgarian SOFIX index and 22.1% for Romania's BET. Once again this high yield was achieved by assuming lower risk than that of the market, i.e. the fund's standard deviation stood at 14.3%.

Starting 17 Jan Advance Invest will initiate the submission of pricing and tax information to Oesterreichische Kontrollbank, which is effectively the last step in the process of launching the fund's distribution on Austria. Karoll Capital Management received an official permit by the Austrian financial regulator to distribute the shares of Advance Invest Mutual Fund in the Republic of Austria. The so called "white label" allows potential Austrian investors to acquire Advance Invest shares according to the conditions of free delivery of services within the European Union.

The fund focuses on the new EU members – Bulgaria & Romania. It is one of the largest domestic investment vehicles with assets of around BGN 58 mln. Investment in a mutual fund is the easiest way to have a securities portfolio (composed of stocks, bonds, etc.) without the need to analyze and select the financial instruments yourselves. The major advantages that make Advance Invest the preferred choice of many investors are the high return potential, professional and transparent management, high liquidity based on the open-end structure, and the tax benefits. Anyone can invest in the fund through Karoll's offices in Sofia and throughout Bulgaria.

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