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 Profile||In BGN|
|Raiffeissen Bulgaria Shares Fund||10305991|
|UBB Premium Shares||9350000|
|Ug Market Maximum||2720619|
|Alfa Index Top 20||2506055|
|Elana High Yiled Fund||1888009|
|Varchev High-Yiled Fund||1802172|
|Standard Investment High Yield Fund||744298|
|Standard Investmnet International Fund||402992|
|Alfa Index Properties||183008|
|KD Shares Bulgaria||126204|
|Status New Shares||1323|
Four balanced schemes have attracted more than 1 mln leva. These are Raiffeissen Bulgaria Balanced Fund (3,503,150 leva), Elana Balanced Dollar Fund (2,440,255 leve), Elana Balanced Eurofund (2,341,015 leva), and DSK Balance (1,010,360 leva).
At the other end of the scale are Standard Investmnet Balanced Fund (-82,159 leva), and KD Pelican (-549 leva).
|Balanced profile||In BGN|
|Raiffeissen Bulgaria Balanced profile||3503150|
|Elana Balanced $ Fund||1777316|
|Elana Balanced Eurofund||2341015|
|UBB Balanced Fund||793324|
|Varchev Balanced Fund||3449|
|Standard Investment Balanced Fund||-82159|
|* 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 BGN|
|CCB Garant Sofia||519997|
|Kd Bonds Bulgaria||9480|
|Raiffeissen Bulgaria Bonds Fund||0|
|UBB Platimum Shares||-37864|
|Raiffeissen Bulgaria Money Market Fund||-206147|