Assets Managed by KD Investments Increase 80% Year-To-Date

Since the beginning of the year, the amount of assets managed by KD Investments has increased by 5.48 mln leva or 80.69%, and currently stand at 12.275 mln leva (6.276 mln euros), BSE informs.

A total of 6.841 mln leva (3.497 mln euros) are concentrated in KD Pelican, 4.237 mln leva (2.166 mln euros) in DF KD Shares Bulgaria, and 1.196 mln leva (611,505 euros) in DF KD Bonds Bulgaria.

KD Shares Bulgaria posts the highest increase in assets – 313%. The fund's profitability year-to-date stands at 31.94%, and return over the past 12 months is at 66.14%.

The news around the company is that it has taken steps to increasing the share of foreign stock in its portfolio, said Yanko Nikolov, investment director in KD Investments. Currently foreign stock accounts for 15% of assets in the portfolio and it comes from investment on the bourses in Paris, Francfurt and Zagreb. The percentage of foreign stock stood at 6% at the end of July, and it is to be increased even more.

„We think this change in the geographical distribution of investments will benefit institutional investors for whom the Bulgarian market is already too small,“ Nikolov also said „ This is mostly true of insurance companies and some holdings. They would benefit from the fact that KD Group participates on the regional financial markets. Through the high-yield KD Shares Bulgaria they can expand to foreign markets at a lower risk than if they enter it directly.“

KD Shares Bulgaria has invested in Deutshe Telekom, Commerzbank, as well as in the French Vinci and BNB Paribas, according to the company's 1H report.

The 1H report also shows that 70.51% of assets are invested in shares and 4.47% in bonds. The shares/bonds proportion in the portfolio of KD Bonds Bulgaria is 19.19% to 34.72%, and in KD Pelican it is 48.66%/17.64%.

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