Raiffeisen Asset Management becomes Number 1 asset management company in Bulgaria with more than BGN 44 mln. assets 11.12.2006 Back

Nine months after the start of the public offering of the shares in its four local funds, Raiffeisen Asset Management has become market leader on the Bulgarian market. As of Dec. 8th 2006, the accumulated funds under management exceeded BGN 44 mln., which correspondents to 16.84% market share, shows the data provided by the Bulgarian Stock Exchange.

“The excellent results of Raiffeisen Asset Management, just nine months after the start of its activity, are another prove for the power of Raiffeisen brand in Bulgaria, as well as an excellent attestation for Raiffeisen Asset Management’s and Private Banking’s Teams.”, said Momtchil Andreev, Chairman of the Supervisory Board of Raiffeisen Asset Management (Bulgaria) EAD.

Raiffeisen (Bulgaria) Balanced is the biggest balanced fund in Bulgaria. 23.39% yield on annual basis.

Raiffeisen (Bulgaria) Balanced is the biggest Bulgarian balanced fund with assets, exceeding BGN 24.6 mln. The net asset value increased from BGN 1.0000 as of March 16th 2006 (the start of the public offering) to BGN 1.1662, as of Dec. 8 2006. The yield of the fund from the start of the public offering was 23.39% on annual basis (as of Dec. 8th 2006)

41.47% yield on annual basis of Raiffeisen Equities Fund

From the beginning of the public offering of the shares of Raiffeisen (Bulgaria) Equity Fund, the yield reached 41.47% on annual basis. The net asset value of a share of the fund increased from BGN 1.0000 as of March 16th to BGN 1.2889 as of Dec. 8th. The assets under management exceeded BGN 11.1 mln.

Sales of the Austrian funds exceeded EUR 3.66 mln.

Raiffeisen Asset Management is the first Bulgarian company that offers access to both Bulgarian and international capital markets. It distributes the shares of 8 of Austrian Raiffeisen Capital Management’s funds and from the start of its activity Raiffeisen Capital Management has sold shares amounting to EUR 3.66 mln.

The company is a trust manager of the assets of institutional clients, amounting to EUR 3.1 mln.


Raiffeisen Asset Management (Bulgaria) EAD is fully owned by Raiffeisenbank (Bulgaria) EAD, which is a fully subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisen International operates one of the leading banking networks in CEE with subsidiary banks and leasing companies in 16 markets. More than 11.7 million customers are attended to at more than 2,775 business outlets. Representative offices in Lithuania and Moldova complement the Group's presence in the region. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank