Assets Managed by Investment Funds in Bulgaria Grow 2.6% Y/Y in March

Assets Managed by Investment Funds in Bulgaria Grow 2.6% Y/Y in March

The assets managed by resident and non-resident investment funds operating in Bulgaria increased by 2.6% year-on-year, reaching 2.38 billion levs as of end-March 2016, the country’s central bank said on Thursday.
Compared to end-2015, the assets were 7.6% higher.
The assets of resident investment funds amounted to 799.8 million levs as of end-March 2016 decreasing by 6.9% year-on-year.
Equity funds’ assets increased by 3.5% on the year, reaching 284.7 million levs at end-March 2016, while bond funds’ assets dropped by 20.1% to 356.1 million levs, the Bulgarian national bank (BNB) said in a statistical report on Thursday.
Assets denominated in Bulgarian levs had a share of 61.5% in resident investment funds’ assets, while euro-denominated assets were 30.6% of the total.
The geographical breakdown of the securities held by resident investment funds showed that investments in Bulgaria increased by 16.5% year-on-year, reaching 410.1 million levs as of end-March 2016, while those invested in other EU countries decreased by 24.7% to 114.6 million levs.
Non-resident investment funds’ liabilities to residents totalled 1.59 billion levs as of end March 2016, growing by 8.1% year-on-year.

Sofia News Agency

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