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The fund starts public offering of units in the middle of March 2006. The Fund intends to implement its investment objectives, taking a moderate to high risk. The investment strategy of the Fund provides for investment in equity of Bulgarian and foreign issuers and in units of other Mutual Funds or equity of investment companies.
Characteristic of the typical investor
The units of the Fund are suitable for investors who are willing to invest in diversified portfolio of financial instruments, pursue relatively high revenues and growth of their savings, meanwhile taking a moderate to high level of risk. Having regard with the expected structure of the Fund, it is not suitable for investors with short-term horizon who follow a strategy of day-to-day observation of the market conditions, as well as investors who intend to trade regularly with units of the Fund in order to generate a short-term capital profit. The Fund is suitable for investors with a more long-term horizon of their investment.
Investment objectives of the Fund
The basic objectives of the investment policy of the Mutual Fund are:
- Growth – achieving a sustainable growth of the Fund’s investment value in order to ensure an increase of the price of one share
- Security – bringing the level of taken risk in compliance with the aggressive investment policy of the Fund. The Fund will invest in highly profitable assets which bear average to high risk to investors, corresponding to the potential for high return
- Liquidity – maintaining sufficient liquid assets within the limits for investment by the Mutual Fund, provided by law and/or as specified in this prospectus, in order to ensure the normal operation of the Fund in respect with the mandatory redemption of units within the specified terms and the profit distribution among investors.
The basic objective of the Fund is to ensure a considerable increase of the value of investments to its shareholders by generating capital gains and dividend and interest income at a moderate to high level of risk. To achieve the objectives of the Fund the Managing Company will invest in securities with good liquidity and good potential for growth. The Fund will basically invest in equity which is traded on the regulated markets in the country and abroad.
For the purpose of implementation of the basic investment and financial objectives the assets of the Mutual Fund shall be managed by an active strategy, based on profound market analyses and including:
- Effective management of the investment portfolio for generation of expected profitability
- Selection of the type of assets in which the Fund to invest, according to the expected profitability
- The Fund will invest its assets in securities with high degree of liquidity which will permit their subsequent sale. This will help to achieve the most correct valuation of the securities and an objective valuation of the net value of assets in the Fund
- The portfolio of the Mutual Fund will be diversified
Investing in mutual funds involves certain risks. The value
of the shares and the
income from them may go down. Profit is not guaranteed and there is a risk for
investors may not recover the full amount of money. Investing in Mutual Fund
are not guaranteed by the Guarantee Fund, established by the State or any other
warranty. Future performance of the contract funds are not necessarily
associated with results from previous periods.
The presented
information should not be considered advice for investing in financial instruments,
including units of mutual funds, offered by Raiffeisen Asset Management
(Bulgaria). It is recommended for investors to first familiarize themselves
with the prospectuses of the funds and the rules for Mutual funds before taking
any investment decisions. The full prospectus and additional information for
the funds can be received in any of the offices of Raiffeisenbank (Bulgaria) as
well as on the website of RAM www.ram.bg.
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