Bulgarian Stock Exchange's prospering in the past several years has enhanced the development of collective investment schemes, turning them into a separate industry. And it is an industry, which contributes greatly to the overall development of capital market and capital culture in the country.

The total net slaes (the difference between newly issued shares and redemptions) of the 51 Bulgarian mutual funds amounted to 79,440,126 leva only in September. The high risk profile are the most popular type of schemes, Profit.bg found out.

86.96%, or 68,995,646 leva of the above mentioned figure, was attracted by collective investment schemes investing in corporate shares of Bulgarian and foreign companies. Balanced schemes attracted 10,400,359 leva, and low risk funds – just 44,121 leva.

We can also see that of the 22 high-risk profile funds, in just 1 case redemptions exceed the newly issued.

Among high-risk profiled companies, net sales of three top 10 mln leva. These are Capman Max (15,578,881 leva), followed by DSK Rastej (13,361,371 leva) and Raiffeissen bulgaria Shares Fund (10,305,991 leva). Status Finance has a negative result with newly issued shares/redemptions proportion of 79,200 leva/382,744 leva.

High Risk ProfileIn BGNCapman Max15578881DSK Rastej13361371Raiffeissen Bulgaria Shares Fund10305991UBB Premium Shares9350000BenchMark Fund-24908545Advance Invest 3340249Ug Market Maximum2720619Alfa Index Top 202506055Elana High Yiled Fund1888009Varchev High-Yiled Fund1802172TBI Dynamic1351441Standard Investment High Yield Fund744298Synergon Profit439250Standard Investmnet International Fund402992Dsomoni Progress196957Alfa Index Properties183008KD Shares Bulgaria126204Europe46151CCB Leader45674Status New Shares1323Status Finance-303544Advance EuropeN/ATotal68995646

Balanced profileIn BGNRaiffeissen Bulgaria Balanced profile3503150Elana Balanced $ Fund1777316Elana Balanced Eurofund2341015DSK Balance1010360UBB Balanced Fund793324TBI Harmony417085Synergon Prestige414000BenchMark Fund-186365BenchMark Fund-354685Capman Capital39404Zlaten lev27130Somoni Strategy12000Sentinel Principal3784Varchev Balanced Fund3449CCB Active0KD Pelican-549Standard Investment Balanced Fund-82159Total10400359* stakes in USD, BGN/USD exchange rate 1.373 leva

The only low risk schemes to attract more than 100,000 leva are CCB Garant Sofia (519,997 leva), and DF Conservative Savings (115,000 leva). The outflow is most obvious with Raiffeissen Bulgaria Money Market Fund (-206,147 leva), and TBI Eurobond (-204,109 leva).

Low risk Profile In BGNCCB Garant Sofia519997Conservatice Savings115000DSK Standard 29495Kd Bonds Bulgaria9480Raiffeissen Bulgaria Bonds Fund0Sentinel Rapid0Somoni Eurostability0UBB Platimum Shares-37864TBI Comfort-90512Elana Eurofund-91219TBI Eurobond-204109Raiffeissen Bulgaria Money Market Fund-206147Total44121