ELANA Balanced € Fund
The ELANA Balanced € Fund is the third mutual fund of ELANA Fund Management. It employes a balanced investment strategy. The fund is denominated in EUR or BGN - the EUR investment is calculated according to the Bulgarian National Bank fixed exchange rate EUR 1 = BGN 1.95583.
ELANA Balanced € Fund is appropriate for:
- investors looking for higher yield than traditional bank deposits offer
- investors who understand and are tolerant to moderate risk
- investors who would like to have access to their savings any time
Investment objectives
ELANA Balanced € Fund invests in government and corporate securities, and in first class, highly liquid Bulgarian shares.
The investment objectives of Elana Balanced € Fund are:
- to achieve an optimum ratio between risk and return through securities investments
- to invest in high growth stocks on the Bulgarian Stock Exchange with a potential for price growth within the next 1-2 years
- diversification of the investments by investing in shares from different economic sectors
- to actively manage the portfolio in order to achieve the highest possible return
Portfolio of ELANA Balanced € Fund includes
- tradable equities on the Bulgarian Stock Exchange - Sofia
- compensatory instruments and investment bonds
- dividends and other current payments originating from securities and other financial assets in the portfolio
- Bulgarian government bonds tradable in the country and/or abroad, as well as municipal and corporate bonds tradable on the Bulgarian Stock Exchange - Sofia
- foreign company's fixed income securities traded on the international regulated markets
Minimum recommended term of investment
There is no minimum investment period as a legal requirement or any other formal obligation.
Invetsment in a mutual fund is not a short-term type of investment if one would like to experience the return and advantages of those products. At least one year is the recommended term of investment in order to benefit from an annual return overcoming any fluctuations of the markets.
Minimum amount of investment
The minimum required investment in the ELANA Balanced € Fund is the price of one share, which is equal to the fund's asset value divided by the number of outstanding shares. The price of one share therefore varies depending on the price of the fund's assets.
ELANA Balanced € Fund share prices are announced daily:
- www.elana.net
- at all ELANA investment centres
- Dnevnik daiy and other Bulgarian dailies
- BSE - Sofia bulletin
- Financial Supervision Commission
Tax benefit
According to the Corporate Income Taxation Act (CITA) and the Natural Persons Income Taxation Act (NPITA), the income obtained from ELANA Balanced € Fund transactions is tax free.
Visibility and control of the investment
ELANA Balanced € Fund investments are administered by ELANA Fund Management - licensed by the Financial Supervision Commission. ELANA Balanced € Fund assets' are held by the Depository Bank which is managed by Unicredit Bulbank.
Essential functions of the Depository Bank include:
- safe-keeping of ELANA Balanced € Fund assets'
- control of each securities transaction related to the ELANA Balanced € Fund
- setting the daily issue and redemption prices of ELANA Balanced € Fund shares
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