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17Jul2012
Advance Conservative Fund - Karoll Capital Management’s latest mutual fund
As of today, July 17, 2012, Advance Funds family expands to another fund - Advance Conservative Fund, after the Financial Supervision Commission issued Karoll Capital Management a permit to organize and manage the new fund.
Advance Conservative Fund is an open ended UCITS IV compliant mutual fund. The main objective of the Fund is to provide preservation and increase in the real value of the investment through a stable interest and capital income at a low level of risk.
Advance Conservative Fund is the fifth mutual fund managed by Karoll Capital Management. It is suitable for both tactical short-term play and for long-term investments. The investment portfolio of the fund is structured based on a conservative approach, comprising mainly investments in money market instruments, debt securities and deposits, and to a lesser extent equities. The Fund’s policy provides for active portfolio management and stipulates investing in financial assets that can easily and without any significant loss of value be purchased or sold, respectively, while achieving sustainable and optimal growth at a limited risk. The investment strategy includes the provision of both interest income and capital gains.
The fund’s units are denominated in Euro. The face value of a single unit is EUR 1. The fund’s units are to be repurchased by the fund on demand, the unit issue and redemption prices being calculated and announced twice a week: every Monday and Thursday.
For more information please contact
Mr. Daniel Ganev
Managing Director,
tel: +359 2 4008 382
e-mail: ganevd@karoll.bg
Ms. Bistra Kotseva
Head of Sales,
tel: +359 2 4008 303
e-mail: bistra@karoll.bg
