Approximately 90% of the wealth of Bulgaria’s population has been invested in deposits

Bonds hold the value of money and generate profits in the long run slightly exceeding inflation. This was one of the major conclusions Yvor Achev, manager of Pioneer Investments in Bulgaria, arrived at during the Wealth Management Forum 2014 Conference. The event was organized by the Bulgarian newspaper Capital.

During the past 5 years European high-yield bonds have generated 24% per year. In contrast, developing market bonds have generated 5.64% return on investments, and the strategic bonds in the USA have generated 6.12% profits for the past 11 years.

“History shows that in the long run any economic and financial crises in the world can be overcome. It has been proved that in times of crisis and instability of the market interest rates go down, whereas the go up and vice versa. Therefore, funds diversification is of high importance”, says Yavor Achev.

Approximately 90% of the wealth of Bulgaria’s population has been invested in deposits. At the same time the money invested in investment products such as life insurances, voluntary pension funds, mutual funds, etc. are almost negligible.

In contrast, approximately 20% of the American population’s wealth has been invested in deposits, 37% in shares, 13.5% in real estate, and 18.7% in fixed-income instruments.

According to Yavor Achev investment products generate not only high profits but also provide liquidity as well as the highest possible diversification and savings protection level.

More information for clients:

UniCredit Bulbank, Call Centre

Phone: 0700 1 84 84

More information for media:

UniCredit Bulbank, Identity & Communications Department

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

Ekaterina Ancheva, Phone: + 359 2 9264 963, flbufsjob/bodifwbAvojdsfejuhspvq/ch

Magdalena Ivanova, Phone: + 359 2 9232 528, nbhebmfob/jwbopwbAvojdsfejuhspvq/ch