Mutual Funds With Positive Return Year To Date

Eleven of the funds within the Bulgarian Association of Asset Managing Companies (BAAMC) are reporting positive results so far in 2008, Profit.bg found out.

Elana Fund Money Market tops the rankings, followed by DSK Standard and TBI Eurobond. Fourth is Raifeissen Bulgaria Bonds Fund. Next are Elana Eurofund and Raifeissen Bulgaria Money Market Fund.

Other funds with positive return so far this year are CCB Garant, Sentinel Rapid, UBB Platinum Bonds, Zagora Finarcoop and Advance IPO.

KD Bonds Bulgaria and BKM Balanced Capital are seeing tiny losses of below 1%.

Four BAAMC funds are reporting losses of more than 40% this year. Those are Alfa Index Top 20, Standard Invest High-Yield Fund, Standard Invest International Fund and Activa High-Yield fund.

The following saw losses of between 30 and 40% - DF Europe, Capman Max, Advance Invest, DSK Growth, UBB Premium Shares, Raifessen Bulgaria Fund Shares, Standard Invest Balanced Fund, Status Finance, KD Shares Bulgaria, Activa Balanced, Status New Shares, Synergon Prestige, Synergon Profit, Alfa Selected Shares, TBI Dynamic and BenchMark Fund 2 Shares.

At the end of July mutual funds in Bulgaria manage assets in the amount of 559.4 mln leva (286 mln euros), compared with 618.4 mln leva (316 mln euros) at the end of June.

FundReturnElana Money Market Fund5,33%DSK Standard4,33%TBI Eurobond3,82%Raifeissen Bulgaria Bonds Fund3,47%Elana Eurofund3,45%Raifeissen Bulgaria Money Market Fund3,04%CCB Guarant3,01%Sentinel Rapid 2,72%UBB Platinum Bonds2,52%Zagora Finarcoop Balanced Fund2,03%Advance IPO 0,67%