Кaroll Capital's Advance Funds Rank in the top 5 in Capital Weekly for 2023

Advance Emerging Europe Opportunities Fund ranked second in terms of return for 2023 among all local funds. The article explains that "Karol's fund invests mostly in Hungary and Poland, with the number one investment being Austria's Erste Bank, followed by Poland's Bank Pekao and Hungary's OTP. Fourth place goes to the energy company PKN ORLEN, and fifth again to the financial sector - the Polish debt restructuring company KRUK. The rise in interest rates proved to be a major driver for shares not only of Western banks, but also of regional and Eastern European banks.”

Advance Invest Mutual Fund occupies the 4th place in the ranking. The publication explains that it is "one of the oldest funds, the main focus of which is the Bulgarian stock exchange, but also Romania, where nearly 30% of its assets are invested."

You can read the full material of Capital Weekly here.

Risk warning

The information provided is marketing material and does not constitute investment advice, advice, investment research or investment recommendation and should not be construed as such.The information is valid at the date of issue of the marketing material and may change in the future.The value of the Fund's units and the income from them may decline, profit is not guaranteed and investors bear the risk of not recovering their investment in full.Investments in funds are not guaranteed by a guarantee fund created by the state or by any other type of guarantee.Previous results of the activity have no connection with the future results of an investment company.Future results are subject to taxation depending on the personal circumstances of each investor and may change in future periods.Before making a final investment decision, it is recommended that investors familiarize themselves with the prospectus and the main information document of the respective fund.The documents are available in Bulgarian on the website www.karollcapital.bg, and upon request they can be obtained free of charge in paper form at the office of the Management Company.Advance funds are actively managed and do not follow an index.A summary of shareholder rights can be found here.