A new mutual fund and a special purpose vehicle (SPV) will debut on the Bulgarian Stock Exchange (BSE) on October 4. The public offering of units in Karoll Capital Management's Advance Eastern Europe mutual fund will start at prices of EUR 1 per unit. Advance Eastern Europe will have a medium-to-high risk profile and will invest up to 50% of its assets in shares of Bulgarian companies and institutions and up to 90% of its assets in shares of foreign companies. Vratsa-based Invest Property SPV will raise initially its capital to BGN 650,000. The SPV will issue 150,000 ordinary shares with a BGN 1 par value each. The company will invest mainly in industrial property and residential and office buildings in northwestern Bulgaria and Sofia, Dimcho Klimentov, member of the management board said.