News

Karoll starts a new kind of asset management

28.07.2009 Karoll Dealing

Karoll starts a new service - asset management on instruments offered by the trading platform - Karoll Dealing. It includes more than 7500 instruments and covers practically everything, traded on financial markets worldwide. The focus in asset management will be on currencies and indexes. Customers can choose between two portfolios, where the approach is entirely different.

-  Standard – positions will be taken with relatively small leverage and will be looking for bigger moves. In this portfolio, relatively few transactions will be made and decisions will be taken on a daily schedule. The return that is seeking in this portfolio is a two-digit number.

- Aggressive – seeking opportunities to take the positions with very close stop and uses a large leverage. In this portfolio, relatively big number of transactions will be made and decisions will be taken on hourly schedule or less. Due to the nature of this portfolio it is possible that a greater dynamic in the account balance occurs. The expected return from this portfolio is three-digit number.

Each customer will receive a read-only account and will see in real time account movements and transactions.

Apart from which instrument is chosen the client sets a degree of risk i.e. acceptable loss of capital. In positions, a total position of one account is occupied which is redistributed immediately in client accounts. For example if two customers provide 10 000 $ for management but the first allows 100% risk in his account and the other only 10 %, positions that will receive each oh them will be in 10:1 ratio. For example: 50 000 for the first and 5 000 for the second.
 
Statements of account are available at any time and the contract for asset management, can be terminated or the degree of risk can be changed at any time.

The minimum amount for opening an account for asset management is 1000 USD or EUR.

The only fee, which clients pay is a good management fee if there is a profit (if there is no profit, clients owe nothing), amounting to 25% of the profit realized for management of funds under 10 000 USD or EUR and 20% for funds above 10 000 USD or EUR.

Between, July 1, 2009 and December 31, 2009 the fee for good management will be reduced by half i.e. will be 12.5 % or 10 % depending on amount that is managed.
  
For more information about the new service, write to Dimo Dimov or call number +359 2 4008 242.