EXPANDIA INVEST, CROATIAN ASSOCIATION FOR FUND MANAGEMENT PRESENTED TO THE PUBLIC

PRESENTED TO THE PUBLIC ( Editorial: --> 3093 ) >Zagreb, 8 January (Hina)- On Thursday in Zagreb representatives of the Expandia Invest, a Croatian associaton for fund management, presented the fund to the public at a press briefing. The fund manager Slobodan Bukvić said Expandia Invests's main objective was to provide investment security and profitability of the investments by its clients, participants in the voucher privatization. By investing his vouchers into the privatization investment fund the investor reduces the investment risk and chances for realizatino of shares, said Bukvić. Expandia Invest has been founded by Expandia, an international financial organisation based in Prague. Expandia Invest was the first fund management association that received a licence from the Ministry of Privatisation for participation in privatisation by vouchers. Expandia operates in European countries in transition, The Check Republic, Poland, Rumania, Bulgaria, The Ukraine, Slovakia and Croatia and is planning to expand into Russia and Hungary, said the organisation's president Vladislav Vesely. (Hina)jn mr 081851 MET jan 98