The first Investment Day gave practical tips on how you can improve your yield on savings and investments.

“Don’t put all your eggs in one basket” is one of the six main tips on smart money management discussed at the Investment Day Conference hosted by UniCredit Bulbank in partnership with Pioneer Investments and Allianz Bulgaria. The first part of the discussion was dedicated to investing, or how to wake our savings up, and to the current state of global economy and financial markets.

The Investment Day was opened by the MB Chairman and CEO of UniCredit Bulbank Mr. Levon Hampartzoumian.

“Don’t put all your eggs in one basket. Thus you will minimize your risks and will earn additional revenue.“, the banker advised.

He was followed in the discussion by Mrs. Tsvetanka Mincheva, Director of Retail Banking and MB Member of UniCredit Bulbank. According to her it is important to invest on a regular basis, even if we only have small amounts at hand.

“Be thoughtful, keep your emotions in check, and don’t rush to sell if the price of your purchased shares is going down. These are fundamental rules, which lead to capital accumulation”, Mrs. Mincheva explained.

She further advised that before investing and choosing what to invest our money in, we should choose professionals and partners whom we trust, so we can be sure that our funds are well managed.

She was followed by Stefano Pregnolato, Chief Investment Officer for Austria and CEE of Pioneer Investments, who gave financial directions regarding investments. He reminded that the investment market depends highly on the international environment. Mr. Pregnolato mentioned a couple of principal factors such as the oil price, geopolitical risks and the potential Brexit, which are all going to affect the investment markets in the current year.

The Chief Investment Officer for Austria and CEE of Pioneer Investments mapped the way of investments in 2016, namely: less direction, more relative value, focus on hedging, opportunities in price fluctuations of assets and affirmation of long-term investments.

To cope with the challenges on the market in investments in 2016, the philosophy of investors will be quality management, strong diversification, independent thinking and risk management, the investment manager explained.

The investment strategy was further explained by Yavor Achev, Manager for Bulgaria of Pioneer Investments, who showed a model formula of the successful investment in mutual funds.

The second part of the Investment Day was dedicated to a more in-depth discussion on the role of mutual funds in successful management of personal finance, investments in insurance products, among others.

The discussion was joined by Dimitar Zhelev, CEO of Allianz Bulgaria Holding, and Plamen Yalamov, Chairman of the Executive Committee of Allianz Bulgaria Holding and Executive Director of ZAD Allianz Bulgaria.

“The investment environment is edgy, think of it as a bumpy ride, but we have our seat belts to keep us stable”, thus metaphorically Dimitar Zhelev described the investment market.

He underlined that the yield on investments has increased significantly after the 2008 recession. The Executive Director of Allianz Bulgaria Holding recommended that we should take advantage of the low prices of some investments, because currently this represents a good opportunity for buying, which with the right approach and patience can bring revenue.

Plamen Yalamov highlighted that Allianz and UniCredit, working in partnership, have well developed investment products which are a combination of security and revenue generation.

After the official part of the event, the discussion revolved around curious topics such as “Who are better investors – men or women?”, “How to improve financial education among young people”, along with “How to attract foreign investors” and the investment security in the future.

More information for media:

UniCredit Bulbank, Identity & Communications Department

Viktoria Blajeva, Phone: + 359 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch