• The savings plan offered by the company through UniCredit Bulbank’s branches enjoys customers’ interest – since it was presented in April 2010 more than 4,800 pieces were sold

• Investments in mutual funds reached the pre-crisis levels

After nine years of presence on the Bulgarian market, the assets of Pioneer Investments - the biggest mutual funds company in Bulgaria, exceed BGN 215 mio. Thus the company confirms its number one position by market share, which reached 27.5% from the market of Bulgarian and foreign collective investment schemes (CIS), offered in Bulgaria.

“The undoubtedly successful presence of Pioneer Investments is a result of both the successful distribution of the funds offered by the company through UCB’s branch network and the excellent performance of the savings plan which we proposed in April 2010”, Yavor Achev – Pioneer Investment’s representative for Bulgaria, explained.

The savings plan where the client can choose the amount of the monthly installment, the fund to save in and the period (3 or 5 years), enjoys exceptional interest among the clients and so far more than 4,800 savings plans were sold. Statistical data of Pioneer and of UniCredit Bulbank show that the average monthly installment under the savings plans is EUR 25, which means that smaller investors’ interest in the financial markets returns. Most preferred are the funds in shares – mostly shares of the developing markets and the emerging European and Mediterranean region, as well as Commodity Alpha, due to the upward trend in basic raw materials’ prices.

Data on Pioneer’s assets show that the 2008 drop has been overcome and with the achieved EUR 110 mio as of end 2010 Pioneer Investments’ reached the 2007 levels when the investment market was optimism-driven.

* The funds’ shares value and the income from them can decrease. The profit is not gauranteed and there is a risk for the investors not to have their investment repaid in full. The investments in the contractual funds are not guaranteed by a guarantee fund set up by the State or another guarantee. The future results from the contractual funds’ activity are not necessarily related to the results from previous years.

This is not a recommendation for making an investment decision.