November 20 (SeeNews) – The assets managed by the investment funds operating in Bulgaria grew by an annual 10.1% to 9 billion levs ($5 billion/4.6 billion euro) at the end of September, the central bank said on Monday.
The total assets of the investment funds were equivalent to 4.8% of the gross domestic product (GDP) forecast for 2023, compared to 4.9% of the 2022 GDP a year earlier, the Bulgarian National Bank (BNB) said in a quarterly report.
Compared to the end of June, the assets of both resident and non-resident investment funds increased by 1.3% in the three months through September.
The assets managed by resident investment funds added 9.7% on the year to 2.9 billion levs in the review period, primarily due to a 26.5% jump in equity funds’ assets. Of that amount, 67.2% were held in Bulgarian levs and 28.5% – in euro.
There were a total of 1,459 investment funds operating in Bulgaria as of the end of September, compared to 1,511 a year earlier.
Details follow (in millions of levs):
Fund type, assets |
end-Sept 2023 | end-June 2023 | end-Sept 2022 |
Investment funds – total | 9,004.4 | 8,884.8 | 8,176.8 |
Non-resident investment funds | 6,101.9 | 6,062.9 | 5,531.4 |
Resident investment funds | 2,902.5 | 2,821.8 | 2,645.4 |
– equity | 1,698.6 | 1,613.4 | 1,342.3 |
– bonds | 798.3 | 807.0 | 850.0 |
– mixed, real estate and other | 405.6 | 401.3 | 453.2 |
Fund type, assets
source: BNB
(1 euro = 1.95583 levs)
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