Investment Funds in Bulgaria Increase Assets under Management by 13% Y/Y in 2015

Investment Funds in Bulgaria Increase Assets under Management by 13% Y/Y in 2015

The assets managed by resident and non-resident investment funds operating in Bulgaria totalled 2.22 billion levs as of end-December 2015, increasing by 13.2% year-on-year, the Bulgarian National Bank (BNB) announced on Friday.
The assets of resident and non-resident investment funds were equivalent to 2.5% of 2015 GDP projected by the BNB, growing by 0.2 percentage points from December 2014.
The assets of resident investment funds amounted to 794.4 million levs at the end of December 2015, down 1% year-on-year.
Among resident investment funds, bond funds held 44.5% of total assets at the end of December 2015, a decrease compared with 51.9% a year earlier. Equity funds held 35.8%, an increase compared with 31.8% in December 2014, the BNB said in a statement.
In instrument breakdown of resident investment funds’ assets, deposits decreased by 31.1% year-on-year, reaching 220.6 million levs as of end-December 2015. Investments in shares and other equity increased by 13.6% to 255.3 million levs, while investments in other types of securities increased by 7% year-on-year to 213.7 million levs.

Sofia News Agency

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