For one year, the assets managed by local and foreign investment funds operating in Bulgaria grew by 21.2% (BGN 657.2 million) and reached a total of BGN 3.762 billion at the end of June, according to the latest statistics of the Bulgarian National Bank (BNB). By comparison, they amounted to BGN 3.105 billion a year ago. The quarterly investment growth was 2.8% (BGN 102.5 million).
As a percentage of GDP, the total amount of assets of local and foreign investment funds at the end of the second quarter reached 3.6%, compared to 3.1% of GDP a year ago and 3.5% at the end of the first quarter of 2018. Special purpose vehicles (SPV) with real estate securitization are not included in the investment funds, BNB said.
Compared to the first three months, investments went up by BGN 17.9 million (2.5%) in Bulgaria and by BGN 11.5 million (5%) in the other EU countries.
For one year, the investment funds increased by 78 and totaled 1055 by 30 June, which was a decrease of 14 funds on a quarterly basis. Foreign investment funds grew by 62 to 924, while local funds rose by only 16 per year reaching a total of 131, according to preliminary data from the BNB. In the last three months, 15 foreign and one Bulgarian investment fund have withdrawn.
You can find the complete BNB statistics in the document here.