Bulgaria Has Its First IPO Fund

The Financial Supervision Commission authorized Karoll Capital Management to set up and operate a new mutual fund - Advance IPO Fund.

The face value of 1 stake will be 1 euro. The fund will invest up to 90% in shares, and at least 10% in high-liquid instruments.

The fund will operate at a medium to high-risk level. Assets will be invested primarily in shares of companies from Central and Eastern Europe, which are to be floated on a regulated market within one year after their issue date, as well as in shares of companies from the region, which are to IPO no later than a year after the investment is made, and in shares of non-public companies, which are planning to IPO in the near future.

The maximum period for keeping a position will be up to a year after it has been floated on the regulated market.

Karoll Capital Management currently controls two funds – Advance Eastern Europe and Advance Invest.

Facebook Коментари

Добави коментар

Екипът на Profit.bg Ви благодари, че използвате кирилица за вашите коментари.
В случай, че коментарът Ви съдържа нецензурни квалификации и лични нападки или обиди на расова, сексуална, етническа или верска основа, той ще бъде изтрит от модератора на сайта.

Абонирайте се за електронния
информационен бюлетин на Profit.bg