According to latest data made available to Profit.bg, total sales (difference between newly issued shares/redemptions) of the 51 Bulgarian collective investment schemes stand at 79.05 mln leva (40.417 mln euros).

Thus, it is not surprising that big funds have a large portion of their assets in cash waiting to be invested.

At the end of September, the top 10 investments funds in Bulgaria in terms of assets, had 26.7% on average of their assets in cash, which is around 143.1 mln leva (73.165 mln euros) of the total 536 mln leva (274.052 mln euros) controlled by them.

Raiffeissen Bulgaria Shares Fund tops the chart with more than 38% of assets in cash, i. e. 24 mln (12.271 mln euros) of the total 62.7 mln leva (32.058 mln euros).

Advance Invest is second with nearly 30%, or 23 mln leva (11.760 mln euros) in cash, followed by another Raiffeissen fund – Raiffeissen Bulgaria Balanced Fund with 26.6% in cash.

BechMark Fund-2 is at the bottom of the list. It is the only one with less than 20% in cash – 18.5%, or 6.6 mln leva (3.374 mln euros).

Here is the full list:

№CompanyAssets in BGNCash in BGNCash/Assets1Raiffeissen Bulgaria Shares Fund62,72438,20%2Advance invest76,822,929,80%3Raiffeissen Bulgaria Balanced5915,726,60%4DSK Rastej74,519,726,50%5Capman Max75,318,424,50%6Elana Balanced Fund399,524,30%7Elana Balanced $ Fund31,27,524,10%8UBB Premium Shares34,78,424,10%9DSK Balance4710,422,20%10BechMark Fund-235,96,618,50%

536143,126,70%