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Sep 09, 2009 15:51 EEST
September 9 (SeeNews) - Raiffeisenbank Bulgaria's asset management arm received on Wednesday a regulatory nod to launch its sixth mutual fund.
Raiffeisen Asset Management will launch the Raiffeisen (Bulgria) Fund Protected Investment in Euro which will have a low to moderate risk profile and will invest primarily in instruments with a fixed yield, Bulgaria's Financial Supervision Commission said in a statement.
The fund manager also runs a money market, bond, equity, balanced and balanced dollar collective investment schemes.
Raiffeisen Asset Management launched its first four mutual funds, investing mainly in Bulgarian securities, in 2006. The company also offers funds of Austria’s Raiffeisen Capital Management in Bulgaria.
Bulgaria has some 40 locally-registered asset managers which operate some 100 mutual and investment funds.
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