Alfa Selected Shares



Alfa Selected Shares is an equity fund with aggressive investment strategy. Unlike the two other equity funds, which focus on passive investment strategy, Alfa Selected Shares is an actively managed fund. The fund invests mainly in Bulgarian public companies, but it may invest also in companies traded on foreign stock markets.
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Alfa Selected Shares- key details
Type of fund Open-end index UCITS
Investment focus Alfa Selected Shares follow aggressive investment strategy. The selection include companies with a good
potential for growth and return, mainly in Bulgaria, but also in securities traded abroad.
Country of registration Bulgaria
Date of public offering 10.10.2007
Currency supply Bulgarian lev (BGN)
Traded/Not traded Not traded on the regulated market
Custodian bank Eurobank EFG Bulgaria AD
Subscription fee 2.00%
Redemption fee 0.00%
Management fee 2.50%
Alfa Selected Shares- risk and return
Low risk
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High risk
low return high return
The performance data represents historical results that do not guarantee future results. The current performance of the fund may differ from the above numbers. The return on the invested funds and the invested amount may vary with the changes in the financial markets depending on the market environment and you may realize a profit or a loss at the moment of redemption of the fund's units.

Alfa Selected Shares - strategy
The Fund invests primarily in shares and tradable rights admitted to trading on a regulated market in Bulgaria , the EU and other developed markets, and the region of Southeast and Eastern Europe. Investments in government, municipal and corporate debt securities , shares of other funds and bank deposits are conducted primarily for the purpose of maintaining liquidity in times of market turmoil when investing in shares is limited . The Fund may use derivatives as to cover the risk associated with investments in fixed instruments (" hedging") and to achieve profitability.

Fund Rules allow for appropriate strategies and techniques to prevent market, currency and other risks, so called. " Hedging". For this purpose, the Fund may enter into transactions in options, futures, swaps and other derivatives. Derivative transactions related to different and greater risks than traditional investments. There is no certainty that such transactions and techniques, if implemented, will be successful.

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Alfa Selected Shares - portfolio
The Fund invests mainly in local securities, which estimates as `undervalued`, as well as in companies we expect to grow significantlly in terms of revenues and profits or potential M&A targets. Alfa Selected Shares also invests in US and European financial markets, where besides the accurate valuation of investments, we strictly analyze the timing of trades.
Alfa Selected Shares - how to invest

Online


You can sign up as our client online. After you fill in all the necessary information following the steps in the “BECOME A CLIENT” section, you will practically become a client of Alfa Asset Management and then you can submit orders for subscription and redemption of units of the Fund through out web site.
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In Alfa Asset Management's office


Investors can also place orders for subscription and redemption of units of Alfa Selected Shares at the headquarters of Alfa Asset Management every business day between 10 am. and 5 pm. The order should be submitted in person or through a proxy against the presentation of an identity document and the respective power of attorney and/or company documents. The funds for the subscription are wired though a bank transfer to the account of the fund in Raiffeisenbank Bulgaria indicated below. The minimum amount of investment is 200 BGN.

The subscription order is fulfilled within 7 days from the date of placement at the issue price calculated for the day of submission. The order is executed up to the amount of the invested amount divided by the issue price per unit. The redemption order is fulfilled within 10 days following its submission at the redemption price calculated for the day of submission.
Alfa selected shares - performance