Thus the fund achieved the legally required minimum of 500,000 leva to start buying out its shares.
Almost all the money, raised in the public offering, has come from individual investors, who took advantage of the company’s promotion. In the first two weeks of the public offering investors can buy shares of Status Finance without paying additional issuance fees. The promotion is valid until 15 May.
The new fund plans to invest in stock of financial companies, mainly banks operating in the Balkans and the European Union.
Besides Status Finance, Status Capital also manages the mutual fund Status New Shares, which is the local leader in terms of yield since the beginning of this year with about 34% profit.
The fund invests mainly in shares of Bulgarian, Romanian, Serbian and Croatian companies.