Asset Under Management in Poland top € 139 Billion in 1H 2013

Warsaw, Poland, December 05, 2013 --(PR.com)-- Total assets under management across three key segments: investment funds, insurance investments and pension funds topped PLN 602 billion (EUR139 billion) as of 1H 2013, after adding 25% in just 18 months from Dec. 2011, says Marcin Mazurek, director of Inteliace Research, during a presentation of Inteliace’s latest report, “Asset Management and Investment Funds Market in Poland, 2013–2015.”

Investment funds in Poland are experiencing continuous inflows of new funds as a favorable tax treatment makes funds convenient vehicles to manage the entire wealth of HNWIs. Moreover, falling interest rates on bank deposits are increasingly encouraging retail clients to invest in funds, says Marcin Mazurek, director of Inteliace Research, during a presentation of Inteliace’s latest report, “Asset Management and Investment Funds Market in Poland, 2013–2015.”

Setting aside the one-time event of second pillar pension sector overhaul planned for 1H 2014, Inteliace Research expects the asset management industry in Poland to remain growing across all main segments through 2015. Investment fund assets are likely to continue benefiting from exceptionally low interest rates on deposits. Similarly, a further growth in insurance assets driven by new sales of unit-linked products should be assumed. Moreover, new tax incentives are likely to boost voluntary Pillar III pension assets. As far as the profitability of asset managers is concerned, Inteliace Research expects current margins to stabilize and asset managers profits to go up on higher volumes.

For more information on recent developments in the Polish banking sector, please refer to the publication “Asset Management and Investment Funds Market in Poland, 2013–2015” available at: http://www.inteliace.com/publications.html.