Mutual funds assets increase 2009
Mutual funds see the year off with growth of assets. Net value of the assets managed by Bulgarian collective investment schemes marks an uptake of 5% to BGN 353,6 million. A year ago mutual funds erased 57% of their assets, the Pari Daily informed.
Investors’ focus this year fell on funds investing on money markets. According to portfolio managers, however, investors have already starting showing more interest in higher-risk investments.
Rate of return leader is the Status Finance fund, which brought 37,79% profitability to its clients. The fund’s priority investments are made on the Turkish capital market and stocks of West – European banks. Second ranks Karoll Capital Management Advance Eastern Europe with 36,30% profitability. The find is investing 50% of its assets in Russian and Ukrainian companies. Top 3 is completed by Aurora Capital – Global Commodity Fund with 19,82% rate of return.
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