FFBH Asset Management has been founded on 6 Feb 2004 and has obtained a license, issued by Bulgaria’s Financial Supervision Commission in March 2004, before being re-licensed in 2005. The company activities include management of collective investment schemes and closed-end investment companies. FFBH Asset Management manages four UCITs-compliant mutual funds - FFBH Vostok, FIB Avangard, FIB Classic and FIB Garant and one closed-end investment company IC Nadejda AD. The activity of FFBH Asset Management is regulated by the Financial Supervision Commission. The company's equity is BGN 453k at the end of 2018. Тotal assets under management stood at BGN 10.2 m.
FFBH Asset Management has been a member of the Management Board of the Bulgarian Association of Asset Management Companies (BAAMC) since its inception.
Since September 2004 FFBH Asset Management has been in charge of investment company Nadejda whose assets have reached BGN 5.3m at the end of 2018 from BGN 2.7m in the beginning.
On 19 Nov 2007 FFBH Asset Management started three mutual funds with high-yield, balanced and conservative profile, respectively. The shares of these funds are distributed in company’s offices and by designated First Investment Bank branches. Our investment objective was to offer professionally-managed investment products, investing in Bulgarian financial instruments.
As Bulgarian financial market sharply deteriorated after the financial crisis, we started developing a new investment strategy that is based on investments in financial instruments from developed markets, Central and Eastern Europe and Russia. After careful analysis of investment opportunities in the region in the spring of 2010, we registered the first Bulgarian mutual fund with a focus on Russian shares - FFBH Vostok.
At the end of 2019, assets under management in our mutual funds reached BGN 4.78m.