The Bulgarian Investment Managers Association was founded with the goal of establishing a base of common standards of technical and ethical knowledge and practices, relevant to the terms of an increasingly globalized investment environment. Our aim is to work towards facilitating the exchange of information and knowledge among investment analysts in Bulgaria, Europe and Worldwide.
The philosophy behind the development of BIMA was that the investment techniques used by analysts in different countries and particularly in Bulgaria and the region are characterized by differences in culture, market practices and local regulations which ought to be recognized and followed by market participants. Through our conduct of behavior, we are aiming to promote the implementation and application in daily practice of high professional and ethical standards by which to ensure close cooperation and mobility between analysts, investment markets and countries. We believe that professional competence and ethics are the two main pillars underlying contemporary investment and analytical work in the world.
The Association also places emphasis on investment analysts’ independence from any external undue pressure which could impair their objectivity. Our policy is to respect the cultural and regulatory aspects of operating in Bulgaria, helping our members – analysts and managers to better understand local factors that could affect the investment decision-making and thus reduce the risk that decisions be taken on the basis of erroneous or improper assessment or opinion. Fundamental principles enshrined in the Statute of BIMA, guarantee our work towards promotion and encouragement, both amongst its members and all the investment professionals. Not only the ongoing exchange of knowledge and experience between the Association and similar associations abroad, but also the assimilation of the technical and ethical practices adopted in various countries, thus converging towards the best market practices. In this context, BIMA has established principles of ethical conduct, which include reception and administration of real-world best practices in the sector.