May 22 (SeeNews) – The assets managed by the investment funds operating in Bulgaria edged up by an annual 1% to 8.8 billion levs ($4.9 billion/4.5 billion euro) as at the end of March, the central bank said on Monday.
The total assets of the investment funds were equivalent to 5% of the gross domestic product (GDP) forecast for 2023, compared to 5.3% of the 2021 GDP at the same time last year, the Bulgarian National Bank (BNB) said in a quarterly report.
Compared to the end of December, the assets of both resident and non-resident investment funds increased by 4.4% in the three months through March.
The assets managed by resident investment funds went up by 1.6% on the year to 2.77 billion levs in the review period, driven by a 20% jump in the assets of equity funds. Of that amount, 66.7% were held in Bulgarian levs and the remaining 28.8% – in euro.
A total of 1,530 investment funds operated in Bulgaria as of end-March, compared to 1,576 a year earlier.
Details follow (in million levs):
Fund type, assets | end-March 2023 | end-December 2022 | end-March 2022 |
Investment funds – total | 8,806.3 | 8,433.2 | 8,273.3 |
Non-resident investment funds | 6,033.8 | 5,667.5 | 5,994.6 |
Resident investment funds | 2,772.4 | 2,765.8 | 2,728.8 |
– equity | 1,564.3 | 1,459.8 | 1,302.1 |
– bonds | 806.5 | 847.5 | 967.7 |
– mixed, real estate and other | 401.6 | 458.5 | 458.9 |
source: BNB
(1 euro = 1.95583 levs)
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