Financial Market Regulator Gives Green Light to Status Global ETFs
22.04.2010
Asset management company Status Capital has set up the first Bulgarian mutual fund focused on investments in developing markets. The mutual fund is aimed to provide growth opportunities to its investors from the fast rising economies in Asia, South America and Africa.
The asset management company shall apply a new strategy for the Bulgarian market by investing the main part of the portfolio in ETFs - exchange traded funds, which track indices or industries from the economies of developing countries. The fund will be actively managed and the efforts of the management will be focused on evaluation of the timing for entrance and withdrawal from each market or sector instead of valuation of separate shares.
The asset management company expects that the economies of the developing countries will grow faster that those in western Europe and the U.S. for that reason the opportunities for profit from investments in those regions are wider. The coverage of all key markets reduces the risk from declines in separate economies.
Status Capital, which operates on the mutual funds market since 2006, is a pioneer in investments abroad. Mutual fund Status New Shares invests in the capital markets in southeastern Europe, while Status Finance invests in bank shares in the country and abroad.
In 2009 Status Finance ranked first by return among Bulgarian mutual funds with a 38.8% annual growth. The two funds are among the highest yielding funds since the beginning of 2010. Download as MS Word