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Nov 20, 2023 12:49 EEST
November 20 (SeeNews) - The assets managed by the investment funds operating in Bulgaria grew by an annual 10.1% to 9 billion levs ($5 billion/4.6 billion euro) at the end of September, the central bank said on Monday.
The total assets of the investment funds were equivalent to 4.8% of the gross domestic product (GDP) forecast for 2023, compared to 4.9% of the 2022 GDP a year earlier, the Bulgarian National Bank (BNB) said in a quarterly report.
Compared to the end of June, the assets of both resident and non-resident investment funds increased by 1.3% in the three months through September.
The assets managed by resident investment funds added 9.7% on the year to 2.9 billion levs in the review period, primarily due to a 26.5% jump in equity funds’ assets. Of that amount, 67.2% were held in Bulgarian levs and 28.5% – in euro.
There were a total of 1,459 investment funds operating in Bulgaria as of the end of September, compared to 1,511 a year earlier.
Details follow (in millions of levs):
Fund type, assets
(1 euro = 1.95583 levs)
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