News
Investors have the opportunity to diversify their savings in US dollars-denominated assets
UniCredit Bulbank gives investors the possibility to neutralize the risk from the USD/EUR exchange rate fluctuations. The Bank is launching new classes of stakes, hedged in euro, of two Pioneer Investments funds – “Strategic income“ and “U.S. High Yield“. With the new classes of shares, investors are given the possibility to protect their investments in euro.
Strategic income and U.S. High Yield mutual funds invest in actively managed portfolios of U.S. state and corporate bonds, realizing their income in U.S. dollars. The new classes of stakes additionally hedge the exchange rate of the U.S. dollar to the euro. Thus investors can diversify their savings in assets denominated in U.S. dollars, without being exposed to the USD/EUR exchange rate fluctuations.
Pioneer Investments’ investment managers expect a recovery of the financial markets after the latest decisions on the Eurozone.
“We believe the potential for growth on the global financial markets is in the range of 15-20%“, said Giordano Lombardo, Pioneer Investments’s Chief Investments Officer.
Investments in the new classes of stakes are also possible with the “Savings Plan” product, which allows clients to regularly invest with monthly installments chosen by them. The Savings Plan product and the Pioneer Investment funds are offered in all branches of UniCredit Bulbank in the country.
The Strategic Income and U.S. High Yield funds are some of Pioneer’s collective schemes which were awarded this year for their excellent performance. The award is given by Euromoney’s Global Investor international edition, for achievements in the management of assets and servicing of funds.
In Bulgaria Pioneer Investments is a leader on the market of collective investment schemes and as of 30 November 2011 the net value of the assets in its funds totaled BGN 182 mio (over BGN 2 mio of assets were invested using the “Savings Plan” product).
Disclaimer: This is not a recommendation for making an investment decision. The value of the Fund’s stakes and the income from them may be reduced. The profit is not guaranteed and there is a risk for the investors not to regain the full amount of their investments. The investments in the agreed funds are not guaranteed by a State guaranty fund or any other type of guaranty. The future results from the activity of the contracted funds are not by all means linked to the results from previous periods.
More information for media:
UniCredit Bulbank, Identity & Communications Department
Viktoria Blajeva, Phone: + 359 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch
Ekaterina Ancheva, Phone: + 359 2 9264 963, еlbufsjob/bodifwbAvojdsfejuhspvq/ch
More information for clients: UniCredit Bulbank, Call Centre Phone: 0700 1 84 84