Data from the beginning of this month shows that the net value of the fund’s assets amount to 2.242 mln leva up 135.11% from the end of 2006. The shares of financial and building companies are 12.42% and 12.24% of the total assets respectively.
The shares of holding companies also account for over 10% of total assets, while Mashinostroene and Metalurgia&Metaloobrabotvane account for 9.60% and 6.79% of the assets respectively.
Cash and their equivalent are in the amount of 362,000 leva or 16.16%, while 8.04% of the assets consist of bonds and term deposits.
HC Patishta and Chimimport have the biggest weight in the portfolio of MF Ug Market Maximum (8.72% and 5.99% respectively), followed by Toplivo AD with 4.24%. The top 5 is complemented by Aktiv Properties REIT and Monbat, which account for 89,000 leva and 86,000 leva (4.00% and 3.89%) of the fund’s assets.
Ug Maximum has invested a total of 75.66% of its assets in stock.
The fund has a risk profile. Since the beginning of this year it has achieved a yield of 25.92%. For the past six months the fund’s investors have 36.36% yield.
In the past couple of months local collective investment schemes have managed to accumulate significant financial resours and currently the assets of mutual funds and investment companies are on track to surpass the 500 mln leva landmark, Geno Tonev, portfolio manager of Ug Market Maximum, told Profit.bg.
I expect growth to continue to develop with the same rate over the next couple of years and I wouldn’t be surprised if in about a year the assets of collective investment schemes surpass 1 bln leva, Tonev said.
This goal is absolutely achievable, considering the perspectives ahead of Bulgarian economy and the growing income of the population. Sooner or later mutual funds will become the key players on the local stock market, and I really hope that by then the market itself will have developed enough to stand their financial power, Geno Tonev added.