 Raiffeisen Asset Management (Bulgaria) – the newly established asset management company and fully owned subsidiary of Raiffeisenbank (Bulgaria) has been registered in the Companies’ register of the Sofia City Court. The Financial Supervision Commission approved the prospectuses for public offering of 4 local funds, organized and managed by Raiffeisen Asset Management (Bulgaria).
The 4 funds have a broad scope of investment alternatives, dependent on investment goals and the risk. The Financial Supervision Commission approved the prospectuses of the most successful funds of Raiffeisen Capital Management a month ago.
Raiffeisen Asset Management (Bulgaria) EAD, which is fully owned by Raiffeisenbank (Bulgaria) will start to offer the eight Austrian and four Bulgarian funds. Since the beginning of March 2006 the Bulgarian private and institutional investors will have the possibility to invest in the funds, organized and managed by Raiffeisen Asset Management (Bulgaria) Equity based funds: • «Raiffeisen Global Shares Fund» (510 KB) has an investment rating. It invests entirely in shares, which are regionally focused on the market of North America, Europe and Japan. The profitability for 2005 was 21,69 per cent.
• «Raiffeisen Eurasia Shares Fund» (583 KB) invests in shares of entities located in CEE countries as well as in China. Its profitability for 2005 was 62,42 per cent..
• «Raiffeisen East European Shares Fund» (667 KB) has a profitability of 60,79 per cent – it invests in the stocks of CEE companies with clear growth potential.
Balanced funds:
• «Raiffeisen Global Balanced Share» (688 KB) has a portfolio, which is balanced equally in shares and bonds. The fund has recorded profitability of 16,57 per cent for 2005. Bond funds:
• «Raiffeisen Bonds Fund in USD» (652 KB) has an investment rating – it invests in government bonds, denominated in USD as well as in corporate bonds with high credit rating. In 2005 the profitability of the fund was 2,70 per cent.
• «Raiffeisen Europlus Bonds Fund» (534 KB) has been awarded investment grade and invests in Eurobonds. The maximum amount of the Eurobonds, denominated in different currency is up to 30 per cent. Its profitability last year has reached 5,92 per cent.has been awarded investment grade and invests in Eurobonds. The maximum amount of the Eurobonds, denominated in different currency is up to 30 per cent. Its profitability last year has reached 5,92 per cent.
• «Raiffeisen Convergence to EU Fund»(652 KB)invests in bonds of CEE countries. The profitability of the fund was 9,59 per cent for 2005.
• «Raiffeisen Global Bonds Fund» (649 KB) has an investment rating. Its assets include global bonds. The profitability of the fund in 2005 was 8,76 per cent. Raiffeisen Asset Management will distribute its own local funds : - “Raiffeisen (Bulgaria) Money market” (641 KB), - “Raiffeisen (Bulgaria) Bonds” (662 KB), - “Raiffeisen (Bulgaria) Shares”(596 KB) - “Raiffeisen (Bulgaria) Balanced” (613 KB). The prospectuses of these funds have been already submitted in the Financial Supervision Commission and approval is to be expected in February. By offering an excellent mix between foreign and local funds Raiffeisen Asset Management reaches an optimal investment solution in terms of risk/reward and diversification which will successfully meet the increasing needs of the local institutional and private investors for attractive investment alternatives. |