In Focus: ELANA Agricultural Land Opportunity Fund

by Tony Clifton

Here's the first Bulgarian fund for investment in agricultural land. We won't talk about scams and Due Diligence in this review, because you don't need it here. Elana is the largest and the most popular investment company in Bulgaria - with all the licenses, documents and goverment regulations which you need to know that the risk of fraud is literally 0%.

I am sure you want to know also that the Agricultural Land Opportunity Fund is available for international investors. So this article is not just to tease you, but to offer to these of you who are seriously interested in good offline investments a great possibility for the next few years.

Some background. Bulgaria is an ex-comuniust country and its market was freed up in 1990. The agricultural land was slowly returned to its owners in the next several years. Most of these people, left without their land for 50 years have completely lost their knowledge and willing to cultivate the land. For the last few years they were renting it to larger fanners and usually taking too low pay for that. These factors in general lead to very underestimated price of the agricultural land.

Elana has started the Agricultural Land Opportunity Fund with the idea to increase the land and obtain larger lots, which at first increases the price. The land will be leased and the operational profits will be distributed as annual dividends. And the third an probably the biggest income stream will be the expected raise of the land's price. The expected yield of the funds for the next 7 years (which is the project lifetime) is about 500%. This certainly isn't the 500% for 6 months which many HYIPs will offer you, but is much better than the top performance mutual funds known nowadays.

The investment in agricultural land is secure, the capital gain on the income is tax free, the minimum investment is low and the investment can be redeemed at any time. So really what are you waiting for? Just as a sample, i bought my shares this Summer and they costed 1 BGN each. Now the price on the Bulgarian Stock Exchange is 1.39 BGN. That's 39% grow in 6 months.

You can invest in this fund in 2 ways:
- Buy shares on Bulgarian Stock exchange trough a licensed intermediary as Elana trading is
- Buy shares on the next planned increasing of the capital which is going to be in April –May 2006

Just visit the Fund's Page for all the details.

Published at Jan, 05 '06 ; read 1634 times;

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