ELANA Dollar Fund
ELANA Dollar Fund is a mutual fund in USD and employs a conservative investment strategy. The fund invests mainly in money market and debt instruments generating a consistent return for the investors at a very low risk.
This is ELANA Fund Management's 6th mutual fund which started public offering of shares on 1 February 2008.
Main features of ELANA Dollar Fund:
- Low risk
- Alternative to the bank deposit for savings in USD
- Opportunity for generating a steady return at a very low risk
Profile of investors of ELANA Dollar Fund
- Having savings/cash in USD and would like to gain from them at a minimum risk
- Wishing to move USD savings from bank deposit to a more profitable alternative product without taking a considerable risk
- Deciding to move USD savings from a higher-risk mutual fund to a ‘safer” one
Terms of investing in ELANA Dollar Fund:
- The investment is to be in USD
- The invested money can be withdrawn in 3 working days after order proceeding
- The income from the yield of the fund is tax free for investors according to the Bulgarian legislation
- The minimum investment is the issue price of ELANA Dollar Fund share calculated twice a week and published on www.elana.net Tuesdays and Fridays
- The issue and redemption price of the fund shares are published also on the website of the Bulgarian Association of Asset Managers www.baud.bg and in all major Bulgarian dailies
- To invest in ELANA Dollar Fund, contact the nearest ELANA Investment centre
Investment strategy of ELANA Dollar Fund
The portfolio structure of ELANA Dollar Fund observes the following restrictions set in the fund profile:
- Bank deposits – max 12 months - up to 90% of portfolio
- Money market instruments - up to 10% of portfolio
- Bulgarian and foreign stocks traded on regulated markets - up to 90%of portfolio
- Mortgage bonds and other debt instruments issued by Bulgarian or foreign banks; corporate bonds traded on regulated market -up to 90% of portfolio
- Other debt instruments traded on regulated market - up to 30% of portfolio
- Equities - up to 20% of portfolio
- Shares in other officially registered mutual funds that do not invest over 10% of their portfolio in other mutual funds - up to 20% of portfolio
- Recently issued equities if the issue terms state a start of trading on regulated market not later than one year -up to 90% of portfolio
- Derivatives -up to 20% of portfolio
- Other money market instruments and equities that are legally traded on non-regulated markets - up to 10% of portfolio
Bank account
Bank: Eurobank EFG Bulgaria AD
BIC BPBIBGSF
Beneficiary: ELANA Dollar Fund
1000 Sofia, 4, Kuzman Shapkarev St.
IBAN (USD) BG76BPBI79421176903501
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