Raiffeisen with more than 100 million levs under management in its mutual funds 22.08.2007 Back

Raiffeisen Asset Management (Bulgaria) EAD has accumulated more than 100 million levs of funds under management. As of August 21, 2007, the net asset value of the four mutual funds, managed by the company, amounted to 100.2 million levs, which corresponds to 14.63 per cent market share. Compared to the same period last year, the assets under management increased by more than 268 per cent.

As of August 21, 2007, the assets of the largest balanced fund in Bulgaria – Raiffeisen (Bulgaria) Balanced Fund - exceeded 49 million levs, while the assets of Raiffeisen (Bulgaria) Equities Fund reached 44.9 million levs.

In addition, Raiffeisen Asset Management (Bulgaria) offers units of 8 mutual funds of the Austrian Raiffeisen Capital Management, Vienna. Since the start of its operation, the Bulgarian company has sold more than 6.2 million euro worth of units of these funds.

Raiffeisen Asset Management has accumulated 20.4 million levs of fiduciary funds of private and institutional clients, thus bringing the total amount of assets under management to more than 120 million levs.