Combined Assets of Collective Investment Schemes Up by 5% in One Month
The net value of the assets of Bulgarian mutual funds and investment companies grew by 5% in a month, a check-up conducted by Profit.bg shows. The combined net value of the assets of collective investment schemes operating in Bulgaria stood at 655.525 mln leva (335.164 mln euros) as at the end of May, compared to 624.34 mln leva (319.21 mln euros) a month earlier.
The SOFIX and BG40 indexes of the Bulgarian Stock Exchange posted monthly gains in May for the first time this year. The SOFIX advanced by 10.67% in the period April 30 to May 30, while the broader BG40 gained 9.9%.
The top ten collective investment schemes in terms of assets managed 342.62 mln leva (175.17 mln euros) assets as at the end of May. The figure accounted for 52% of the total assets accumulated by all 73 collective investment schemes.
Synergon Prestige registered the highest increase in assets among the conservative collective investment schemes in May. The assets of the fund went up by 38.81% to 667,110 leva (341,100 euros).
Conservative Savings Contractual Fund followed ranked second with a 9.84-percent increase in assets. The value of the assets of the fund rose from 512,884 leva as at the end of April to 563,369 leva a month later.
TBI Comfort ranked third with a 0.94-percent monthly increase in assets to 8.67 mln leva.
Collective investment schemes that registered a decline in the value of the assets included UBB Platinum Bonds (-8.63% to 3.26 mln leva), Elana Eurofund (-4.72% to 4.77 mln leva), Elana Money Market Fund (-4.58% to 14.35 mln leva) and etc.
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Data: BAAMC/Profit.bg
CCB Garant-Sofia recorded the highest increase in the net value of the assets among the balanced collective investment schemes in May. The net value of the assets of the fund rose by 15.75% 969,882 leva. CCB Active ranked second with an increase 15.44% in assets. The fund managed 6.97 mln leva assets as at the end of May. Zagora Finacorp Balanced Fund occupied the number three spot with an increase of 13.22% to 773,977 leva.
Four collective investment schemes with a balanced risk profile record a decline in assets in the month of May. These included: Somoni Eurostability, Raiffeisen Fund Money Market, Raiffeisen Balanced Fund and Aurora Capital-Balanced fund.
KTB Balanced managed to attract assets worth 1.84 mln leva in a month.
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Data: BAAMC/Profit.bg
DSK Properties registered the highest increase in the value of the assets among the high-risk collective investment schemes in May. The assets of the fund wen up by 16.38% to 581,230 leva.
Capman Max's net asset value grew by 15.09% to 45.42 mln leva, compared to 39.46 mln leva a month earlier.
Balkani's net asset value went up by 14.52% to 597,880 leva.
Ug Market Maximum registered a 13.42-percent increase in net asset value to 9.24 mln leva.
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