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Bulgaria
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Bulgaria’s Standard Asset Management Gets Nod To Set Up Mutual Fund

Nov 25, 2008, 5:15:16 PMArticle by Plamena Stoyanova
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November 25 (SeeNews) - Bulgaria's financial watchdog said on Tuesday it has given the go-ahead to local asset management company Standard Asset Management to set up a mutual fund.

Bulgaria’s Standard Asset Management Gets Nod To Set Up Mutual Fund

The new fund, Standard Investment Conservative Fund, will be a low-risk fund, investing mainly in bonds and financial instruments with fixed yield, the Financial Supervision Commission (FSC) said in a statement.

Standard Asset Management, founded in 2005, has three funds, High Yield Fund, Balanced Fund, and International Fund.

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Croatia's industrial sales up 3.8% y/y in May
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