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07Mar2006
ADVANCE INVEST Is Once Again the Largest Local Fund
The assets of Advance Invest Mutual Fund surpassed BGN 21.5 mln after a BGN 1.5 mln rise for the first two months of 2006. Thus Karoll’s fund once again heads local rankings in terms of size. For the same period – from 2006-beginning to Feb-end – the fund has booked 5.46% return, the NAVs climbing from BGN 1.83 to BGN 1.93.
The weight of Bulgarian stocks is currently in excess of 53% of total assets, the largest exposures being real estate, chemicals, tourism, pharmaceuticals, financials, and telecom sectors. Romanian stocks already account for nearly 10% of the fund’s portfolio; the number of positions currently being 8 – in sectors such as oil, pharmaceuticals, machinary & engineering, real estate and banking. Bonds now represent less than 25% of fund’s assets.
ADVANCE INVEST is an open-end Mutual Fund. Investing one's savings in a Mutual Fund is one of the easiest ways to get exposure to a portfolio of securities (stocks, bonds, etc.) without getting involved in the selection and diversification process. The focus of ADVANCE INVEST is a long-term investment in stocks of leading Bulgarian and Eastern European companies with a high growth potential. Through the office-network of Karoll Capital Management in Sofia, Plovdiv, Varna, Burgas, Stara Zagora, Russe, and Vratza, the Fund continuously issues and buys back its shares. The latter are also subject to secondary trading on the floor of the Bulgarian Stock Exchange.
