Characteristic features of the investment activities of the pension funds in Bulgaria

The main theoretical aspects of asset management are focused in this article in order to outline the features directly related to the investment portfolios of the pension funds with the largest application and significance. This approach elucidates the causes for the current state of the investment activities of the pension companies in Bulgaria. The dynamics of the investment instruments and the structure of the investment portfolios in the country are studied to identify some of the leading and principal trends in the post EU accession period of Bulgaria under the conditions of global financial crisis. Interesting and contradicting conclusions are made about the changes in the investment structure of the pension funds.