The mutual fund industry in Bulgaria thrived until a year ago. Twelve months later it is a whole different story for the sector. The results of the collective investment schemes for the first six months of the year are indicative of this.
A total of ten mutual funds and investment companies posted positive return for the first half of the year. Elana Fund Money Market topped the ranking with 3.94% return for the period, data of the Bulgarian Association of Asset Management Companies (BAAMC) show.
DSK Standard occupied the second spot with a return of 3.94% for the past six months. TBI Eurobond ranked third with a return of 3.16%.
Standard Asset Management's funds Standard Investment International Fund and Standard Investment High Yield Fund provided 38.67 and 37.48% negative return for the period, respectively. Alfa Index Top 20 ranked third to last. The fund provided a negative return of 35.42% for the last six months.
See the table for more details on the performance of the collective investment schemes that have been operating for more than six months:
Mutual fund/Investment company | 6-month return |
Elana Fund Money Market | 3.94% |
DSK Standard | 3.16% |
TBI Eurobond | 3.02% |
CCB Garant | 2.62% |
Elana Eurofund | 2.55% |
Raiffeisen (Bulgaria) Bond Fund | 2.30% |
Raiffeisen (Bulgaria) Money Market Fund | 2.03% |
Sentinel-Rapid | 2.02% |
UBB Platinum Bonds | 1.79% |
Advance IPO Fund | 0.60% |
Conservative Savings Contractual Fund | -0.91% |
KD Bonds Bulgaria | -1.42% |
FIB Garant | -2.47% |
Mutual fund BenchMark Fund–1 Stocks and Bonds | -3.34% |
Invest Classic | -3.39% |
TBI Treasure | -3.67% |
TBI Comfort | -3.69% |
Somoni Eurostability | -4.00% |
Alfa Index Imoti | -8.01% |
Varchev Balanced Fund | -8.23% |
FIB Classic | -8.25% |
BenchMark Fund-3 Sector Real Estates | -8.78% |
Elana Balanced Eurofund | -10.84% |
TBI Harmony | -11.09% |
Elana Balanced Dollar Fund | -11.56% |
Sentinel Principal | -12.43% |
Elana High Yield Fund | -13.53% |
UBB Balanced Fund | -13.82% |
DSK Balance | -14.83% |
Invest Active | -15.72% |
KD Pelican | -16.44% |
FIV Avangard | -17.20% |
Somoni Strategy | -18.47% |
Zlaten Lev | -18.68% |
Raiffeisen (Bulgaria) Balanced Fund | -19.18% |
CCB Active | -19.52% |
Varchеv High Yield Fund | -19.67% |
CCB Leader | -20.02% |
Advance Eastern Europe | -20.16% |
Capman Capital | -20.45% |
Ug Market Maximum | -21.31% |
TBI Dynamic | -22.03% |
BenchMark Fund-2 | -23.37% |
Aktiva Balanced | -24.38% |
Synergon Prestige | -24.51% |
Synergon Profit | -24.62% |
Alfa Selected Shares | -25.08% |
UBB Premium Equity | -25.98% |
Status Finance | -26.53% |
Status New Shares | -26.80% |
DSK Growth | -27.79% |
Raiffeisen (Bulgaria) Equity Fund | -28.27% |
Advance Invest | -28.64% |
Standard Invest Balanced Fund | -28.67% |
Capman Max | -28.85% |
Europe | -29.97% |
Somoni Progress | -30.08% |
KD Equity Bulgaria | -31.40% |
Aktiva High Yield | -32.10% |
Alfa Index Top 20 | -35.42% |
Standard Invest High Yield Fund | -37.48% |
Standard Invest International Fund | -38.67 |
Source: BAAMC (data as at June 30)