The public offering of Raiffeisen’s Balanced Dollar Fund units starts on February 11, as the last legal requirement – publicizing it on the State Gazette – was fulfilled on February 1. At the end of last year the Financial Supervision Commission confirmed the prospect for public offering of units of Raiffeisen (Bulgaria) Balanced Dollar Fund.
Raiffeisen’s new dollar fund has a moderate risk. Up to 60% of the assets are planned to be invested in bonds. The managing company will invest up to 60% of the fund’s assets in shares of Bulgarian and foreign issuers with the purpose of the portfolio’s diversification and depending on the market conditions and for achieving higher profitability. A unit at the initial offering is valued at USD 1.
“With the new dollar fund we are going to offer the clients an even larger range of investment alternatives, and part of the assets will be invested in securities of issuers from the USA, CCE countries, Russia and Turkey,” commented Mihail Atanassov, CEO of Raiffeisen Asset Management (Bulgaria) EAD. “The investment in our new balanced dollar fund is a good opportunity for long-term dollar investors,” Atanassov added.
With the new fund Raiffeisen Assent Management (Bulgaria) EAD will offer its clients the option to invest in 5 local and 10 foreign plans, which cover the basic global markets and give the opportunity to choose from among the full array of risk profiles.