May 22 (SeeNews) - The assets managed by the investment funds operating in Bulgaria edged up by an annual 1% to 8.8 billion levs ($4.9 billion/4.5 billion euro) as at the end of March, the central bank said on Monday.
The total assets of the investment funds were equivalent to 5% of the gross domestic product (GDP) forecast for 2023, compared to 5.3% of the 2021 GDP at the same time last year, the Bulgarian National Bank (BNB) said in a quarterly report.
Compared to the end of December, the assets of both resident and non-resident investment funds increased by 4.4% in the three months through March.
The assets managed by resident investment funds went up by 1.6% on the year to 2.77 billion levs in the review period, driven by a 20% jump in the assets of equity funds. Of that amount, 66.7% were held in Bulgarian levs and the remaining 28.8% – in euro.
A total of 1,530 investment funds operated in Bulgaria as of end-March, compared to 1,576 a year earlier.
Details follow (in million levs):
Fund type, assets |
end-March 2023 |
end-December 2022 |
end-March 2022 |
Investment funds - total |
8,806.3 |
8,433.2 |
8,273.3 |
Non-resident investment funds |
6,033.8 |
5,667.5 |
5,994.6 |
Resident investment funds |
2,772.4 |
2,765.8 |
2,728.8 |
- equity |
1,564.3 |
1,459.8 |
1,302.1 |
- bonds |
806.5 |
847.5 |
967.7 |
- mixed, real estate and other |
401.6 |
458.5 |
458.9 |
source: BNB
(1 euro = 1.95583 levs)