Net Sales Of Bulgarian Mutual Funds At 79 Mln Leva In September
Bulgarian Stock Exchange's prospering in the past several years has enhanced the development of collective investment schemes, turning them into a separate industry. And it is an industry, which contributes greatly to the overall development of capital market and capital culture in the country.
The total net slaes (the difference between newly issued shares and redemptions) of the 51 Bulgarian mutual funds amounted to 79,440,126 leva only in September. The high risk profile are the most popular type of schemes, Profit.bg found out.
86.96%, or 68,995,646 leva of the above mentioned figure, was attracted by collective investment schemes investing in corporate shares of Bulgarian and foreign companies. Balanced schemes attracted 10,400,359 leva, and low risk funds – just 44,121 leva.
We can also see that of the 22 high-risk profile funds, in just 1 case redemptions exceed the newly issued.
Among high-risk profiled companies, net sales of three top 10 mln leva. These are Capman Max (15,578,881 leva), followed by DSK Rastej (13,361,371 leva) and Raiffeissen bulgaria Shares Fund (10,305,991 leva). Status Finance has a negative result with newly issued shares/redemptions proportion of 79,200 leva/382,744 leva.
The only low risk schemes to attract more than 100,000 leva are CCB Garant Sofia (519,997 leva), and DF Conservative Savings (115,000 leva). The outflow is most obvious with Raiffeissen Bulgaria Money Market Fund (-206,147 leva), and TBI Eurobond (-204,109 leva).