Assets of investment funds in Bulgaria rise 10.6% y/y at end-2019

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investment funds in Bulgaria rise

The assets of investment funds operating in Bulgaria grew by an annual 10.6% to 4.32 billion levs ($2.4 billion/2.2 billion euro) at the end of 2019, the Bulgarian National Bank (BNB) said on Friday.

Compared to the end of September, the assets of investment funds operating in the country were 1.1% lower at the end of 2019, the central bank said in a press release.

The assets of resident investment funds increased 14% year-on-year to 1.71 billion levs at the end of 2019, while the assets of non-resident funds rose by 8.6% to 2.61 billion levs.