Polish investment funds' AuM up by 2 pct m/m to approx. PLN 368 bln in April
Poland's domestic mutual funds had nearly PLN 368 billion (EUR 86.55 bln) in assets under management in April, up by 2.0 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 more than PLN 4 billion (EUR 940.8 mln) for their clients, the best result since January 2025.
"The April result is largely the result of positive management performance. The equities market conjuncture was generally favourable, although there was no shortage of nervous moments. The largest gains flowed from the Polish stock market," IZFiA wrote.
"However, Asian and US equity funds scored poorly in the month. In the segment of debt products, the leader was long-term government bond funds. In total, around 75 percent of the investment funds we analysed recorded positive returns in April," it added.
IZFiA pointed out that, according to its estimates, last month Polish TFIs earned a total of more than PLN 4 billion for their clients (EUR 940.8 mln), which is the best result since January, when management results increased mutual fund assets by more than PLN 5 billion (EUR 1.18 bln).
"However, inflows turned out to be slightly lower. In April, retail investment funds raised a total of PLN 2.3 billion in new capital (compared to PLN 3 billion in March and February)," the chamber added.
It was reported that in April, the yield on Polish 10-year Treasury bonds fell from around 5.7 percent to 5.20 percent, while the TBSP index gained as much as 2.9 percent. This significantly improved the performance of Polish debt funds, especially long-term funds. The economic climate also favoured funds investing in global markets.
At the same time, debt funds invariably enjoy the greatest popularity among Polish investors. In April, a total of PLN 2 billion (EUR 470.4 mln) net flowed into them. As a result of both factors (management and sales results), the increase in assets in the segment of debt funds in April reached as much as PLN 3.6 billion (EUR 846.7 mln), up 2.2 percent month on month.
The largest increase in assets - by PLN 1.6 billion (EUR 376.4 mln) or 6 percent month on month - was recorded by Treasury debt funds (medium and long-term securities) and short-term treasury funds (PLN 1.4 billion or EUR 329.3 mln, up 3.8 percent month on month). The assets of Polish corporate bond funds, on the other hand, fell the most (by PLN 650 million or EUR 152.9 mln), down 3.6 percent.
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