The company is leader on the local mutual fund market with market share of 37%

Pioneer Investments reports that it managed BGN 50 mln assets in Bulgaria at the end of 2005. Company attracts assets of Bulgarian investors via branch network of Bulbank around the country. The greater part of Pioneer local funds EUR 14.819 mln has been raised through direct sales. The rest of the funds – EUR 10.192 mln are invested through “Avangard” structured deposit.

The total sum of assets that are managed by Pioneer investments – EUR 25 011 252 makes the company the most serious sharer on the local market and Bulbank – the biggest distributor on the mutual funds market with market sharer of 37%.

Pioneer investments offer 13 sub funds on the local market from the Pioneer Funds family. Pioneer Investments 100% owned by UCI manages above EUR 145 bln worth of assets worldwide and the company possess the highest rating of Fitch worldwide.