In the end of December last year these assets amounted to 16.7 mln leva but good and professional management of Capman Capital’s and Capman Max’s portfolios caused big interests and assets grew almost twofold.
The money in the funds have been distributed between the balanced fund and the equity fund as follows: Capman Capital currently owns assets worth 10.746 mln leva, while Capman Max has assets worth 18.032 mln leva.
Capman Capital is an open-type investment company established on 28 Setpember 2004. The fund has been a leader among local balanced collective investment schemes for the past two years. In 2005 it brought its investors 21.61% yield, while last year it increased 50.59%. Since the start of this year alone the fund has registered a 16.51% yield.
Capman Max is the second collective investment scheme from the Capman financial group. The fund began operating on 5 January 2006 and quickly conquered leading positions on the Bulgarian markets.
In 2006 Capman Max registered the record 100.10% yield, while since the beginning of this year its shareholders have earned another 28.56%.
As of 30 April Capman Max had invested 76.57% of its assets in equity of Bulgarian companies, while cash and its equivalents were 19.44%. Equity of other investment companies and mutual funds accounted for 1.69% of its assets.
The building sector and holding companies account for most of the fund’s portfolio – 18.58% and 10.42%, while 10.13% of its assets have been invested in stock of special investment vehicles.
As of 30 April Capman Capital had invested a total of 43.36% of its assets in shares of companies traded on BSE-Sofia, while corporate bonds and cash accounted for 20.94% and 18.80% of its assets respectively.
“The portfolios of MF Capman Max and IF Capman Capital AD, managed by MC Capman Asset Management AD are actively managed and well diversified, we observe all legal requirements and internal rules for limiting the positions in a certain security,” Nikolay Yalamov, Capman CEO, told Profit.bg.
“We keep optimum level of the ratio risk/yield, and the leading factor in structuring our portfolios is the selection of companies with a growth potential higher than the average”.
“With the expansion of our assets we plan to also use the limits in foreign securities, most of which will be directed to new IPOs on the Balkans (Croatia, Turkey, Serbia, Bosnia, and Romania). We will actively take part in the forthcoming IPOs on BSE-Sofia”.
Yalamov forecast “assets, managed by MC Capman Asset Management are expected to grow at a rate higher than the average in the branch and to reach 45-50 mln leva in the end of the year.”
Recently the Capman financial group jointly with General Leasing AD launched a service for financing of clients, who have bought or are willing to buy shares/stakes from the mutual funds, offered by the group – investment company Capman Capital and Capman Max.
The product is aimed at all enterprising people willing to take advantage of the attractive opportunities offered by the group’s mutual funds, but having limited resource. It is suitable both for individual and for companies. The interest rate depends on the type of fund, where the money will be invested, and with the expected profit rate.
The additional financing is exercised by the so-called leveraged effect. Investor gets a credit capital to increase the profit rate.
The maximum term for sinking the additional financing is up to 3 years. The guarantee of the credit are the securities (shares/stakes in the mutual funds of the Capman financial group). The maximum amount of the additional financing is up to 50% of the current market value of the investment made by the client in Capman Capital and/or Capman Max.