The assets managed by the local mutual funds tripled year-on-year to BGN 900m by the end of December 2007, shows data filed with the Bulgarian Stock Exchange and the register of the Financial Supervision Commission. If the assets entrusted to non-native mutual funds like Pioneer and SGAM are included, the total figure reaches some BGN 1.1bn. The investment exposure of the funds continues to be mainly towards the local stock market but quite a few have began to diversify on the regional markets. The number of the funds is now 65, up from around 40 at the end of 2006. The top 5 Bulgarian fund have 60% of the asset total in their custody. DSK Asset Management tops the segment by the end of December with BGN 129m just ahead of Raiffeisen Asset Management with BGN 125m. They are followed by Elana Fund Management with BGN 114m, Karoll Capital Management with BGN 99m and Capman Asset Management with BGN 95m. Managed assets now equal in value 3% of household and corporate bank deposits, up from around 1% in early 2007.