By the end of September 2020, the assets managed by local and foreign investment funds operating in Bulgaria amounted to BGN 5.247 Billion, data of the Bulgarian National Bank (BNB) show.
The ski season kicks off in Borovets. Concessionaires planned to let winter sports fans on the slopes as early as…
7 Views | the publication reaches you by | Bulgarian Business ClubAs a percentage of GDP, the total amount of assets in domestic and foreign investment funds at the end of the third quarter of 2020 was 4.7%, at 3.6% of GDP a year ago (as of September 2019) and 4.2% at the end of the second quarter of 2020.
There was an increase in investments in stock (by 4.3% compared with a year earlier), while the assets of funds investing in real estate and others increased on an annual basis by 3% to BGN341.1 Million. Funds managed by bond-investing funds decreased year-on-year at the end of September by 9% to BGN 683.7 Million.
The share of funds investing in bonds relative to the total assets of local investment funds decreased at the end of the third quarter to 40.7% from 42% a year earlier, while the share of those investing in stocks increased to 39% at the end of September 2020 compared with 38% a year ago.
The geographical structure of the securities in the assets of local investment funds shows that as of September 2020 investments in Bulgaria increased on an annual basis by 4.2% to BGN 933 Million. The investments made in other EU countries increased by 10.3% to BGN 441 Million.
Bulgaria’s economy was set to grow by 3.3 per cent this year after the estimated 5.1 per cent…
5 Views | the publication reaches you by | Bulgarian Business Club
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