Assets of investment funds in Bulgaria up 14.6% y/y at end-June

The total assets of the investment funds were equivalent to 5.4% of the gross domestic product (GDP) forecast for 2022, the Bulgarian National Bank (BNB) said in a quarterly report.

Compared to the end of March, the assets of both resident and non-resident investment funds decreased by 5.1% at the end of June.

The assets of resident investment funds rose 18.6% year-on-year to 2.7 billion levs at the end of June, chiefly led by a 37.7% jump in equity funds’ assets.

In the same period, the assets of non-resident funds added about 13% on the year to 5.6 billion levs.

There were a total of 1,543 funds operating in Bulgaria as at end-June, compared to 2,202 a year earlier.

Details follow (in million levs):

source: BNB

(1 euro = 1.95583 levs)