News

Expat’s assets under management rose by 22%

04.03.2010 / Press releases

Assets under management in the Expat's mutual funds rose by +22% in February 2010. This is the highest number (in %) for any asset management company in Bulgaria for the period, according to Investor.bg. Our newest money market fund, Expat Bonds, doubled its assets, and has ranked No. 1 among all mutual funds in Bulgaria in terms of AUM growth.

1) Expat New Europe Stocks

On an annual basis, the return has been +24.59% at the end of February, up from +18% as of 31 December 2009. We expect our trailing 12-month performance to improve further, possibly to above 30% in March.

The full report for the Expat New Europe Stocks performance for February 2010 can be found here.

2) Expat New Europe Properties

The month of February was bad for the REIT sector with the BGREIT index falling by 3.79%. Our trailing 12-month yield has been +1.03%, still above zero, but not good enough. Our short-term strategy is still oriented towards capital preservation.

The full report for the Expat New Europe Properties performance for February 2010 can be found here.

3) Expat Bonds

The performance for the first >3 months is ahead of our notional target of about 1% per month – we have achieved +3.89% (absolute, not annualised) from 19 November 2009 to 28 February 2010. We continue to target some 12% annual return for this money market fund.

The full report for the Expat Bonds performance for February 2010 can be found here.