Private Wealth Boosts Poland's Asset Management Industry to €128 Billion in 2015, Inteliace Research Reports in Its Latest Study
Total assets under management (AuM) in Poland across three key segments: investment funds, insurance and pension assets topped EUR 128 billion (PLN 536 billion) as of June 2015. Thanks to continuously growing wealth of private individuals AuM are expected to advance at 7% p.a. by 2017, says Marcin Mazurek, director of Inteliace Research, during a presentation of Inteliace's latest report, “Asset Management and Investment Funds Market in Poland, 2015–2017.”
Warszawa, Poland, October 09, 2015 --(PR.com)-- Current state: The asset management industry in Poland remains in a fast-growing trend. The total value of assets under management (AuM) exceeded PLN 536 billion (€ 128 billion) as of June 2015. While all key market segments have demonstrated positive developments, the growth in assets of investment funds has beaten other product groups. Funds' assets topped PLN 230 billion, which corresponds to a 9% growth in the first half of 2015 alone. Within other products, a remarkable growth could be observed in Pillar III pension assets: + 6% in H1 2015, however, this is still a very small category with just PLN 17 billion in AuM.
The asset management industry in Poland is highly fragmented and not particularly efficient as there are only three players managing assets in excess of EUR 10 billion and the majority of managers do not even reach EUR 1 billion in AuM. Top three asset management groups are: PZU, Aviva and NN-ING and they combined AuM amount to PLN 208 billion (EUR 50 billion).
The outlook: Total assets under management in Poland are expected to sustain fast growth at ~7% p.a. by 2017. In-line with historical trends, most of the increases will come from investment funds. A key growth factor will be increasing wealth of individuals thanks to the accelerating economy which supports private wealth formation and acquisition of new clients. Today, the asset management industry in Poland is serving directly over 2 million clients which is a fraction of the population. However, growing disposable income and personal wealth could easily double this figure within the next decade. As far as the profitability of asset managers is concerned, the pressure on management commissions observed in the past is very likely to persist. The trend for increasing efficiency is strong as the average management fee of investment funds decreased from 187bp in 2011 to 131bp in 2014, which is a 30% decline. As a consequence, inefficient asset managers with low asset volumes or managers failing to differentiate from the rest will be forced out of the market in the upcoming wave of consolidation.
For more information on recent developments in the Polish asset management sector, please refer to the publication “Asset Management and Investment Funds Market in Poland, 2015–2017” available at:
http://www.inteliace.com/en/00140_Investment_funds_and_asset_management_in_Poland_2015.html
About The Report
“Asset Management and Investment Funds Market in Poland, 2015–2017” is the latest full update of the comprehensive publication on the asset management sector in Poland. It describes the present market structure and recent trends in the market and also provides short-term estimates of key volumes for the years 2015 through 2017.
About Inteliace Research
Inteliace Research is an independent consulting company that focuses on the financial markets in Central and Eastern Europe. Inteliace Research specializes in management consulting and custom research services, including market entry strategy, product launch, performance and benchmarking analysis. During 2005-2015, Inteliace Research provided its products and services to over 60 clients, including major CEE banks and several "The Banker" top world banks. To learn more about the company, visit Inteliace Research's webpage: www.inteliace.com.
Marcin Mazurek
Inteliace Research
ul. Foksal 17B /31
00-372 Warszawa,
POLAND
t. (+48)22 408 66 20
m. (+48) 502 512 178
f. (+48) 22 349 21 40
The asset management industry in Poland is highly fragmented and not particularly efficient as there are only three players managing assets in excess of EUR 10 billion and the majority of managers do not even reach EUR 1 billion in AuM. Top three asset management groups are: PZU, Aviva and NN-ING and they combined AuM amount to PLN 208 billion (EUR 50 billion).
The outlook: Total assets under management in Poland are expected to sustain fast growth at ~7% p.a. by 2017. In-line with historical trends, most of the increases will come from investment funds. A key growth factor will be increasing wealth of individuals thanks to the accelerating economy which supports private wealth formation and acquisition of new clients. Today, the asset management industry in Poland is serving directly over 2 million clients which is a fraction of the population. However, growing disposable income and personal wealth could easily double this figure within the next decade. As far as the profitability of asset managers is concerned, the pressure on management commissions observed in the past is very likely to persist. The trend for increasing efficiency is strong as the average management fee of investment funds decreased from 187bp in 2011 to 131bp in 2014, which is a 30% decline. As a consequence, inefficient asset managers with low asset volumes or managers failing to differentiate from the rest will be forced out of the market in the upcoming wave of consolidation.
For more information on recent developments in the Polish asset management sector, please refer to the publication “Asset Management and Investment Funds Market in Poland, 2015–2017” available at:
http://www.inteliace.com/en/00140_Investment_funds_and_asset_management_in_Poland_2015.html
About The Report
“Asset Management and Investment Funds Market in Poland, 2015–2017” is the latest full update of the comprehensive publication on the asset management sector in Poland. It describes the present market structure and recent trends in the market and also provides short-term estimates of key volumes for the years 2015 through 2017.
About Inteliace Research
Inteliace Research is an independent consulting company that focuses on the financial markets in Central and Eastern Europe. Inteliace Research specializes in management consulting and custom research services, including market entry strategy, product launch, performance and benchmarking analysis. During 2005-2015, Inteliace Research provided its products and services to over 60 clients, including major CEE banks and several "The Banker" top world banks. To learn more about the company, visit Inteliace Research's webpage: www.inteliace.com.
Marcin Mazurek
Inteliace Research
ul. Foksal 17B /31
00-372 Warszawa,
POLAND
t. (+48)22 408 66 20
m. (+48) 502 512 178
f. (+48) 22 349 21 40
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Inteliace Research
Marcin Mazurek
+48224086620
http://www.inteliace.com/
Marcin Mazurek
+48224086620
http://www.inteliace.com/
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