Status Finance
About the Fund | |
|---|---|
| Fund type | Open-end equity fund |
| Investment focus | Public companies listed on Stock Exchanges in Bulgaria, Romania, Croatia, Serbia, Macedonia, Turkey |
| Country of registration | Bulgaria |
| Exchange | Bulgarian Stock Exchange for class A units; class B units are not listed. |
| BSE ticker | 3NPB for class A units; class B units are not listed. |
| Launch date | 02.05.2007 |
| Currency | Bulgarian lev (BGN pegged to the Euro at 1.95583) |
| Subscription fee | For class A units from 0.75% to 1.5% depending on the investment amount. For class B units - no entrance fee is charged. |
| Redemption fee | For class A units - no redemption fee is charged. For class B units the fee is 2% unless the investment plan is fulfilled and no fee is charged. |
| Management fee | 3.0% of NAV p.a. |
| Asset management company | Status Capital |
| Portfolio manager | Ivan Ivanov |
| Depository bank | UniCredit Bulbank |
| Investment intermediaries | Status Invest - Bulgaria; Swiss Capital - Romania; FIMA Vrjednosnice - Croatia, FIMA International - Serbia; Unicredit Bank Belgrade |
Mutual fund Status Finance is a high-risk fund focused on investments in shares of companies in the financial sector.
Status Finance is suitable for individual investors, who seek high yield in the long-term at medium to high risk, as well as for institutional investors, who wish to diversify their portfolio through shares in other countries from the region at relatively low costs..
Investment objective and strategy
The main objective of Status Finance is achievement of stable growth through investments in companies from the financial sector. We expect this sector to be among the fastest growing in central and eastern Europe which will generate above average returns for our investors. The fund will invest in shares of leading banks in western Europe as well as in financial institutions from eastern Europe. Through this portfolio structure we hope to provide stability for the investors in the fund and opportunities for fast growth.
The fund's strategy is to benefit from the fast development of the financial sector in eastern and southeastern Europe. Our investment focus will be Bulgaria and Romania, which joined the EU on January 1, 2007; potential EU members Croatia, Serbia, Macedonia, Turkey, Montenegro, Bosnia and Herzegovina; as well as Russia and Ukraine.
Our investment strategy is focused on capital gains from securities and to a lower degree from current income (dividends, debt instruments). We shall apply a strategy for active management of our portfolio of securities and money.
In view of the investment objectives of Status Finance we shall invest the collected funds mainly in liquid shares.
In absence of extraordinary negative factors we envisage the main part of these shares to be issued by banks (up to 90% of the portfolio) and non-bank financial institutions (up to 40% of the portfolio) as well as holding companies with stakes in banks and non-bank financial institutions (up to 25% of the portfolio).
The specific structure of assets will depend on market conditions and will be dynamic within the set limitations.
In case of continuous market decline we shall withdraw our investments from shares and direct them to low-risk assets in order to protect the funds of investors.