The assets controlled by the ten largest Bulgarian collective investment schemes fell 28/19% in the third quarter, shows data released on September 30 by the Bulgarian Association of Asset Management Companies (BAAMC).

The net value of assets slipped from 317.1 million to 227.7 million leva (116.4 million euros) in June – September 2008. SOFIX is down 31.32% for the period.

DSK Rastej continues to be the largest Bulgarian fund (in terms of assets) with a total of 32.47 million leva (16.6 mln euros), even though this is 27.77% down from Q2.

The second largest fund in Bulgaria - Capman Max, controls a total of 29.37 million leva (15 mln euros), which is a decline of 30.39%.

DSK Balance ranks third with 27.1 million leva (-20.98%).

Elana Money Market Fund impresses with a 34.67% hike in assets, from 14.77 million to 19.89 million leva.

More details are given in the following chart:

FundNet Assets in JuneNet Assets in SeptChange %DSK Rastej44960099,3132473827,74-27,77Capman Max42190406,9929370712,62-30,39DSK Balance34286150,3527094295,83-20,98Raiffeissen Fund Shares35822296,222627635,21-36,83Elana Balanced Dollar Fund2701264421801644,11-19,29Advance Invest30939325,5520789085,57-32,81Elana Money Market Fund147721641989333234,67Raiffeissen Bulgaria Balanced Shares32565487,1319167329,98-41,14Elana Balanced Euro Fund2803752317405493-37,92UBB Premium Shares26505738,8217085065,21-35,54Total317091835,35227708421,27-28,19

Source: BAAMC, Profit.bg
Assets in BGN