The first mutual fund to be offered to the public in Bulgaria will be launched on 7 September.
The TBI Dynamic Fund is one of three approved by the Financial Supervision Commission a fortnight ago. The others are the Sentinel Principal and DSK Standard funds.
“Sentinel has already announced it will start public offering on 12 September 2005,” says a spokesman for RZB Bank in Sofia. “DSK Standard is expected to kick on in early December. TBI Dynamic, run by TBI Asset Management, will operate as an aggressive mutual fund, investing in the local and foreign stock markets.”