News

On May 10, 2007 Advance Invest – the first Bulgarian equity mutual fund - celebrates 3 years since the start of its public offering.

During Q1 2007 the NAV of Advance Eastern Europe mutual fund increased from BGN 2 942 733.06 (EUR1 504 595.52) to BGN 18 332 101.89 (EUR 9 373 054.86).

Advance Invest Mutual Fund, managed by Karoll Capital Management, registered a strong performance in the first quarter of 2007.

As of March 31, 2007 the Fund has signed rental contracts for 5 002.8 ha of agricultural land, which represents 41% of the total land bought as 2006-end.

The East European markets have not performed very well since the beginning of 2007. The MSCI EE index is down by 11% YTD.