The net value of assets of the ten largest funds in Bulgaria fell 11.29% in just one month, to 284.22 mln leva (145.3 mln euros), from 320.4 mln leva (163.8 mln euros) in June, according to data by the Bulgarian Association of Asset Management Companies and Profit.bg.

At the end of July, the biggest Bulgarian fund DSK Growth controlled assets in the amount of 40.47 mln leva (20.69 mln euros), compared with 44.96 mln leva at the end of June, which is a decline of 9.99%.

The second biggest fund in Bulgaria – Capman Max saw its assets slip 12.12% in a month to 37.07 mln leva (18.9 mln euros). Raiffeissen Fund Shares lost 10.85%, from 35.82 mln to 31.93 mln leva (16.3 mln euros).

More details are given in the chart below:

Fund Name June Net Value of Assets (in BGN)July net value of assets (in BGN)Change %DSK Growth44960099,3140468550,11-9,99Capman Max42190406,9937074850,35-12,12Raiffeissen Bulgaria Fund Shares35822296,231934239,02-10,85DSK Balance34286150,3531777251,37-7,32Raiffeisen Bulgaria Balanced Fund 32565487,1329303239,2-10,02Advance Invest30939325,5527062461,46-12,53Elana Balanced Euro Fund2803752324557369-12,41Elana Balanced Dollar Funde2701264424512307,01-9,26UBB Premium Shares 26505738,8221593857,41-18,53Elana High Yied Fund18081021,3915931501-11,89Total 320400692,74284215625,93-11,29

Source: Bulgarian Association of Asset Management Companies/Profit.bg

The following table contains more information on the monthly change in e net asset value of Bulgarian investment funds divided by risk profile.

Low risk


Fund Name June (in BGN)July (in BGN)ChangeElana Money Market Fund1477216413770948-6,78TBI Eurobond11776076,1312021128,032,08TBI Comfort8417422,987960991,69-5,42DSK Standard6659434,176359448,91-4,5Elana Eurofund47602624676856-1,75UBB Platinum Bonds3424472,683232399,7-5,61Raiffeisen Bulgaria Bonds Fund3165133,973185898,580,66Sentinel Rapid1930639,661940789,310,53Elana Dollar Fund *13524591240105,19-8,31Synergon Prestige 638685,71582146,74-8,85FIB Garant 607867,92602590,17-0,87Total 57504618,2255573302,32-3,36Balanced


Fund Name


DSK Balance34286150,3531777251,37-7,32Raiffeisen Bulgaria Balanced Fund32565487,1329303239,2-10,02Elana Balanced Eurofund2803752324557369-12,41Elana Balanced $ Fund2701264424512307,01-9,26Capman Capital13855094,0412815397,12-7,5TBI Harmony12420083,311318339,25-8,87Raiffeisen Bulgaria Balanced $ Fund98461599891324,530,46Zlaten lev9301553,638947721,88-3,8UBB Balanced Fund9105301,457763930,67-14,73CCB Active6658537,156435427,71-3,35KD Pelican 5897934,775696674,43-3,41Standard Investment Balanced Fund 5428545,935062605,53-6,74BenchMark Fund 1 3203345,493048582,57-4,83Sentinel Principal3103208,523013486,14-2,89Raiffeisen Bulgaria Money Market Fund 2256724,192269310,470,56Corp. Commercial bank Balanced Fund19566311817638,07-7,1BenchMark Fund 3 1884257,451643074,29-12,8Aurora Capital Balanced1424442,561436812,060,87FIBank Classic1039704,561000352,59-3,78Ccb Guarnat Sofia 968727,09973075,450,45Zagora Finarcoop Balanced Fund770635,61768663,98-0,26KD Bonds Bulgaria766005,52776601,551,38Invest Classic 732970,85724958,32-1,09Somoni Eurostability 714611709428,94-0,73Somoni Strategy603074,46598653,02-0,73Conservative-savings/BKM Balanced Fund 563631,02561016,12-0,46Varchev Balanced Fund 497859,08499945,970,42Activa Balanced 300165,45276388,66-7,92TBI Treasure 67041,4766693,01-0,52Total 215268049,07198266268,91-7,9Medium Risk/High Risk


Fund Name


DSK Growth 44960099,3140468550,11-9,99Capman Max 42190406,9937074850,35-12,12Raiffeisen Bulgaria Fund Shares35822296,231934239,02-10,85Advance Invest30939325,5527062461,46-12,53UBB Premium Shares 26505738,82