1. Objective: Municipal Bank Balanced Mutual Fund intends to invest primarily in stocks and tradable rights traded in Bulgaria and other EU Member States.
2. Portfolio Structure / Restrictions. As per its objective Municipal Bank Balanced Mutual Fund intends to invest primarily in securities traded in Bulgaria and other EU Member States. The Fund may also invest in third countries included in a list approved by the Deputy Chairman of the Financial Supervision Commission. Under normal circumstances, it is envisaged that about 50% of the Fund's portfolio would be composed of stocks and of tradable rights to acquire stocks of new issues upon capital increases of the respective public companies. The rest of the portfolio will include debt securities, including mortgage and other corporate and municipal bonds, government securities and money market instruments.
In case of prolonged market decline we will withdraw the investments in stocks and focus on low-risk assets to protect investors' funds.