INVESTMENT FUND SELECTEUROBOND PRESENTED FRIDAY

ZAGREB, Jan 18 (Hina) - The investment fund management company CAIB Invest on Friday presented a new investment fund, SelectEUROBOND, which will be investing exclusively in bonds. CAIB Invest management board president Damir Ostovic said the company's goal was to offer Croatian investors a diverse and optimised portfolio as one investment covered around 100 bonds. At least 50 percent of the portfolio will be invested in government bonds of the European Union countries, corporation bonds and government bonds of non-EU countries. A part of the portfolio will be invested in Croatian government bonds and those with government guarantees. The fond is also oriented towards small stockholders because the lowest value of the initial investment is EUR100, and of each next EUR10. The annual management fee is one percent, the fee to the deposit bank 0.2 percent, and the targeted return on investment will be around six percent for the euro. A member of the management board, Silvana Bozic, said 200 investors invested in the SelectEUROPE fund, whose portfolio mostly comprised the shares of leading European companies, adding the fund's value was 75 million kuna. (hina) np sb