Bulgarian mutual funds’ AUM surge 31%, surpass 2007 peak
Bulgarian mutual funds’ assets under management surge 31% y/y in 2016 to BGN 1.041bn, according to latest data from the Bulgarian National Bank. The data excludes money market funds. The latest AUM high surpasses the 2007 pre-crisis peak of BGN 890m. Accordingly, they represent 3.1% of GDP, also highest so far. Investors go for equity… Read more