NIF "DSK Stability - Eurobonds 2" starts on September 16, 2024
From September 16, 2024, in the branch network of DSK Bank, the offering of units of a new fund created and managed by DSK Asset Management will begin. NIF "DSK Stability - Eurobonds 2" aims to protect the growth in the value of investments and (if possible) growth above the protected amount while assuming low risk. According to the current legislation, the Fund is a national investment fund, which is different from a collective investment scheme in the sense of ZDKISDPKI. The fund is in risk category 3 out of a total of 7, which corresponds to medium-low risk.
"Investment Appreciation Protection" means the Net Asset Value of a Unit calculated as of the last Business Day of the "Restricted Period" to be no less than 102% of the Net Asset Value of a Unit calculated as of the last working day of the "open period". To achieve its investment objectives, the Fund's activity is conditionally divided into two periods - an "open" and a "limited" period, during which different fees apply for the purchase and redemption of units.
The first main period - "open period" lasts about 3 months. During this period, fundraising is done from the investors. The second main period is called the "limited period" and lasts about 2 years. It begins to run from the first day after the "open period" expires. During the "limited period", the Fund realizes its main objectives - protecting the increase in the value of the investments and (to the extent possible) an increase in the value of the investments above the protected amount. The main part of the Fund's assets during this period will be invested in securities issued or guaranteed by the Bulgarian state, a member state of the EU and the EEA or a third country and/or bank deposits. Within the "limited period" an "intermediate period" is foreseen, which lasts approximately 1 (one) month. It will start approximately 12 months after the start of the "limited period".
Investors should note that for units purchased during the "limited period“, including the "interim period", they cannot rely on the protection of the increase in the value of their investment at the end of the "restricted period".
The beginning and end of the upcoming periods are as follows:
"Open period" - from September 16, 2024 to December 13, 2024, inclusive;
"Limited period" - from December 14, 2024 to March 12, 2027, inclusive;
"Interim period", within the "limited period" - in January, 2026.
The Management Company will inform unitholders and other investors of the exact date on which each "open"/"restricted" period of the Fund's investment cycle will begin, as well as of each "intermediate period" within the "limited period", at - a little over 30 days before the start of the relevant period through announcements at all "counters" where orders for the sale and repurchase of shares from the Fund are accepted, as well as on the website of the Management Company - dskam.bg.