Advance Invest
BSE 5AZ Bloomberg ADVIMFD BU
| Basic Facts | |
|---|---|
| Mutual fund type: | Open-end equity fund |
| Investment focus: | New EU entrants : Bulgaria & Romania |
| Country of registration: | Bulgaria |
| Exchange: | Bulgarian Stock Exchange |
| BSE ticker: | 5AZ |
| Bloomberg code: | ADVIMFD BU |
| ISIN: | BG1100004040 |
| Launch date: | 10.05.2004 |
| Currency: | Bulgarian lev (BGN pegged to EUR at the rate of 1.95583) |
| Subscription fee: |
|
| Redemption fee: | 0% |
| Management fee: | 3.0% of NAV p.a. |
| Minimum investment: | 1 share (with BGN 1 par) |
| Asset Management Co.: | Karoll Capital Management |
| Portfolio manager: | Daniel Ganev |
Investment Objective
The fund's main objective is to provide long-term capital appreciation for its shareholders through investment in equity securities.
Investment Strategy
The fund's investment strategy is based on active portfolio management through the bottom up selection of undervalued equities with high upside potential, as determined by fundamental measures. The main investment focus is stocks listed on the Bulgarian and other East European markets with high growth potential. Presently these are primarily stocks of companies listed in the new EU entrants – Bulgaria & Romania. Portfolio holdings are issued by companies with reputable management teams working toward achieving excellent corporate governance and strong financial results. Considerable asset undervaluation, high upside potential, and adequate liquidity are the most important criteria. The strategy also allows for blending value stocks with growth stocks. The latter are equities issued by companies projected to have significant and sustainable earnings, revenue, or market share growth.
Investment Risks
The investment in shares of Advance Invest Mutual Fund is not risk free. It carries all risks inherent to mutual funds, and it is not guaranteed by a state guarantee fund or any other institution. Investors assume the risk that they may lose the invested funds if the market price of the portfolio assets drops significantly. It is generally accepted that investments in stocks are riskier and more volatile than investments in treasuries, corporate or municipal bonds. In this sense, it can be accepted that the risk assumed by Advance Invest shareholders is greater than the one assumed by investors in bond mutual funds.
Risk statement
The value of shares and the income from them can go down as well as up, profits are not guaranteed, and investors assume the risk that they may not recover the full amount of their investment. Investments in the mutual fund are not guaranteed by a state guarantee fund or any other institution. Past performance of the fund should not be viewed as a guide to future performance.