FAQ

Mutual funds are alternative for investment of available savings. The customer buys units in the mutual funds, and the fund managers invest the money collected in various financial instruments. Each investor owns part of the mutual fund, proportional to the invested amount. Mutual funds attract usually small, non-professional investors and invest the money collected in a pool of financial instruments. In this way the small investors who do not dispose of specialized knowledge and information about the markets, have the option to invest money on the financial markets where the returns are usually higher.

Acquisition of financial instruments is connected with fees and commissions which usually have fixed minimal amount. This implies that if you invest a relatively small amount the related fees and commissions will considerably decrease the expected return. Because of this when you invest in units of mutual funds you join resources with other investors allowing investments on a bigger scale which in turn reduces the fees expressed as a percentage, and they do not considerably impact the expected return. When buying units of mutual funds there is no minimal requirements on the amounts invested.
If a customer wishes to have individually managed portfolio the minimal amount invested has to be EUR 50 000, whereby the transaction fees and commissions will not considerably impact the planned return.

According to the Prospectus and the Rules of our mutual funds, the Net Asset Value per unit is calculated twice weekly and fluctuates according to the performance of the financial instruments which make up the portfolio of the fund. If you have acquired units of our mutual funds you can see their price from here.
What concerns the individually managed portfolios, our customers receive each month a detailed report on the portfolio performance which reflects the actual return at the end of the month, the financial instruments comprising the portfolio, the prospects for the industries and the countries the portfolio is invested in, etc.

If you own units of our mutual funds you can redeem them any time at the redemption price per unit, calculated and published on our web-site on the next scheduled date after you have placed an order with us.
If you have invested in an individually managed portfolio you will have a one-year contract with us. Notwithstanding the term of the contract you can redeem any amount or even the whole sum at any time following a written notice. If the redemption follows before the end of the contract you will be charged a fee according to our Tariff for Fees and Commissions.

You can see the fees and commissions for individual portfolio management here.
The fees and commissions when buying/redeeming units of the mutual funds are described in their Prospectuses and the Key Information for Investors. The quoted issue and redemption prices on our web-site are net prices.

According to Art. 13, Para 1, Item 3 from the Law on the Taxation of Income for Physical Persons, the income realized by Bulgarian residents from transactions with financial instruments is not taxable.
Foreign entities and residents are taxed according to the respective tax legislation and the mutual tax agreements between the Republic of Bulgaria and their country of residence.

In the process of formation of your individual portfolio the investment advisor has to discuss with you the investment strategy and the time horizon concerning your financial goals. He will also assess your risk attitude, define your risk profile and the respective expected return according to a specially designed questionnaire. You will jointly consider your financial strategy and if needed you may meet or talk to him personally to discuss possible changes in it.

We have an attractive Tariff for Fees and Commissions which you can easily find out if you conduct your own market research. We do not rely on fixed fees and commissions but rather put our efforts on overperforming the agreed benchmark and we share the excess return at a ratio which is set to the benefit of the customer. This also motivates our portfolio managers to achieve the highest possible return on the portfolios.

An Investment intermediary is a licensed company which participates on the financial markets and enables private and institutional investors to execute deals in financial instruments. The intermediaries are allowed to execute deals in financial instruments for their own account and for the account of their customers.
A management company is a licensed company which is allowed to manage financial assets and invest in financial instruments on behalf of its clients according to their risk profiles at the discretion of its investment advisors. In short, Arcus Asset Management analyses and chooses which financial instrument is best for the respective client and executes the transaction through an investment intermediary.

As an asset management company we have access to reliable world renowned sources of specialized information about each security traded on the market. The investment advisors carefully analyze the investment possibilities and by that we have interdisciplinary view of the financial markets and the world economy as a whole. Our list of observed companies for potential investments counts more than 500 companies from all over the world. A decision for investment in certain financial instrument is taken only if more than half of our investment advisors agree with it.