| The net assets of Status New Shares are over BGN 500 000 |
|
15 June 2006 The net assets of the mutual fund Status New Shares has exceeded BGN 500 000. According to the law, this gives a right to the fund management to start redemption of its units. The first redemption price is BGN 1.0134 per unit. The public offering of the fund’s units started by the end of May and as required by the law it still has no right to announce its reached return. The requirement to do so is to have at least six months history of the fund. Nowadays, the fund is managing assets of about BGN 512 000, and has
made investments in 9 companies listed on the Bulgarian Stock Exchange.
Status New Shares is the first mutual fund whose priority is also
investing in regional stock exchanges in order to get better
diversification of the risk According to the acclaimed prospectus by
the Financial Securities Commission, Status New Shares can invest its
assets in shares of Bulgarian, Romanian, Croatian, Serbian, Macedonian
and Turkish stock markets. |
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