Are you sure?

Credit Suisse BUBOR Plusz Fund assets reach Ft 2.5 bln

Assets in the Credit Suisse BUBOR Plusz Fund, started by the Hungarian fund manager of Credit Suisse Asset Management (CSAM) in September 2005, have already reached Ft 2.5 billion.

Assets in the Credit Suisse BUBOR Plusz Fund, started by the Hungarian fund manager of Credit Suisse Asset Management (CSAM) in September 2005, have already reached Ft 2.5 billion, CSAM Hungary announced on Wednesday.
In the five months to February 28, the I-series units of the fund, targeted at institutional investors, had a yield of 2.87%, while the B-series units, targeted at retail investors, had a yield of 2.62%, compared to the six-month BUBOR of 2.69%. The aim of the absolute yield fund is to provide a yield higher than the six-month BUBOR with a relatively low level of risk. CSAM Hungary targets a yield of 1.6 percentage points over the six-month BUBOR for the I-series units and a yield of 1 percentage point over the six-month BUBOR for the B-series units.