Monbat, Chimimport and Orgachim are the most popular stocks with Bulgarian mutual funds (this excludes Advance Eastern Europe which focuses on the markets in the region) in January. This is the second inquiry about mutual funds investments Profit.bg makes. The first one dates back to 16 October 2007.
Six collective investment schemes have added Monbat to their portfolios, the stock also accounts for the greatest percentage of the investments. The Montana-based manufacturer of automobile batteries is present in he portfolios of DSK Rastej (7.9% of assets), Raifeissen Fund Shares (7.44% of assets), Raiffeissen Balanced Fund (4.55% of assets), DSK Balance (3.87% of assets), Elana Balanced Eurofund (6.31%) and Elana Balanced Dollar Fund (6.35%).
At the end of January the assets of the six funds mentioned above stood at 253.266 mln leva (129.49 mln euros), which means they invested some 92.24 mln leva (47.16 mln euros) in Monbat shares.
The stock you will most likely see in the funds' portfolios is Chimimport. Eight out of the nine funds surveyed have shares of the Varna-based economic group. The only exception is Capman Max.
The assets of those eight funds stood at 310.785 mln leva (158.91 mln euros) at the end of January, which means 96.157 mln leva (49.164 mln euros) has been invested in Chimimport.
The third most popular stock, as we already said, is Orgachim. Six funds hold shares of the Ruse-based paints and lacquers manufacturer. Orgachim accounts for the largest percentage of the portfolios of six of them.
The total amount of funds these schemes invested in Orgachim stands at nearly 31% of their assets, or 76 mln (38.85 mln euros) out of the total 244.836 mln leva (125.182 mln euros) they owned at the end of January.
The following chart shows the top five stocks in the portfolios of the nine largest mutual funds in the country.
|Portfolio||Assets In January (in mln BGN)||% of the portfolio (in Jan)|
|Advance Terrafund REIT||8,62%|
|Raiffeissen Fund Shares||44.98|
|Raiffeissen Balanced Fund||44.81|
|Elana Balanced Eurofund||33.63|
|BenchMark Properties REIT||4,22%|
|Intercapital Property Development||3,91%|
|UBB Premium Shares||32.33|
|Advance Terrafund REIT||4,18%|
|Odessos Ship Repair Yard||3,80%|
|Elana Balanced Dollar Fund||31.57|
|BenchMark Properties REIT||3,60%|
|Intercapital property Development||3,05%|
Source: The financial reports of funds (as of 31 January) and Profit.bg