Polish investment funds' AuM up by 1.8 pct m/m to approx. PLN 382 bln in June
Poland's domestic mutual funds had nearly PLN 382 billion (EUR 89.1 bln) in assets under management in June, up by 1.8 percent month on month, according to chamber of fund and asset managers IZFiA's data. It was pointed out that in a month, the Polish mutual funds companies (TFIs) earned around PLN 3.1 billion (EUR 723.4 mln) for their clients.
"In June, despite geopolitical turmoil, the main stock indices climbed to multi-year or historic highs. The treasury debt market also offered opportunities for profit. In total, nearly 95 percent of investment funds generated positive returns in June. We estimate that mutual funds earned approximately PLN 3.1 billion in profits for their clients, with a balance of deposits and withdrawals amounting to PLN 3 billion," the report states.
"The mutual funds industry continues to enjoy a good run. In June, the assets of domestic investment funds increased by PLN 6.7 billion (+1.8 percent month on month) and reached PLN 381.9 billion at the end of the month. The increase was driven by both good market conditions and an inflow of new funds," it added.
It was reported that June brought volatility to the debt market.
"Ultimately, the TBSP index rose by less than 0.2 percent. In the entire segment of Polish debt funds, only three funds were in the red in June. The highest rates of return in June came from Polish corporate bond funds and Polish short-term debt funds. The latter are still the leaders in terms of inflows. In June, clients paid PLN 1.7 billion into them. In total, PLN 2.6 billion net went to debt funds," it added.
mbi/ han/
